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Akelius Residential Prop. D — M&A Activity 2021
Sep 26, 2021
8225_rns_2021-09-26_f96c9e81-c8f4-41d3-9a07-2efd7da472b2.pdf
M&A Activity
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Akelius
Akelius Residential Property AB (publ)
Akelius sells 28,776 apartments in Scandinavia and Germany
1,093 of the apartments are in Copenhagen, 4,107 in Malmö and 5,934 in Stockholm.
14,050 of the apartments are in Berlin and 3,592 in Hamburg.
Akelius sells companies containing all its real estate assets in Germany, Sweden, and Denmark.
Local staff follow the properties to the buyer.
Buyer is Heimstaden Bostad AB.
Planned closing is in 2021 subject to merger clearance in Germany and Sweden.
Agreed property value is EUR 9,100 million.
Ralf Spann, CEO:
- It took 27 years in Sweden and 15 years in Germany of hard work to create the residential portfolio. Thanks to all staff that built and managed a portfolio with unique quality, low risk and high long-term potential. You can be proud.
CBRE, Linklaters Advokatbyrå, Accura Lawfirm, Luther Rechtsanwaltsgesellschaft mbH, Pangea Property Partners and PWC were Akelius' advisors in the transaction.
Akelius
Akelius aims to grow again to 50,000 apartments.
Stockholm, 2021-09-26
Ralf Spann
CEO
+49 173 643 6590
[email protected]
This information is information that Akelius Residential Property AB (publ) is obliged to make public pursuant to the EU Market Abuse Regulation.
The information was submitted for publication, through the agency of the contact person set out above, at 8.30 pm CET on 26 September 2021.
Akelius Residential Property AB's D-shares are listed on Nasdaq First North Growth Market Stockholm.
Avanza Bank is the Certified Adviser of the company, [email protected], +46-8-409 421 20.
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