Heimstaden Bostad invests €9.1b in European residential portfolio

Heimstaden Bostad has acquired a residential portfolio comprising 28,776 homes across Sweden, Germany and Denmark. The vendor is Akelius.

The deal is valued at about €9.1 billion ($10.7 billion).

The portfolio has a residential occupancy of approximately 98 percent, and more than 99 percent of rental income comes from regulated apartments.

The German properties comprise 17,642 fully regulated homes, approximately 66,000 square meters (710,000 square feet) of commercial space and 1,859 parking spaces. In 2020, Heimstaden established in-house property and facility management operations in Berlin, with the capacity to manage a large-scale property portfolio. This is Heimstaden Bostad’s first investment in Hamburg, a city with favorable demographics; a positive economic outlook; and a strong model for cooperation among politics, society and private housing companies.

The Swedish properties amount to 10,041 fully regulated homes, approximately 118,000 squa