Heimstaden Bostad Buys Akelius’ Residential Properties in Germany, Sweden, and Denmark
Highlights · Heimstaden subsidiary, Heimstaden Bostad, buys 599 properties with 28,776 homes centrally located in Berlin (14,050), Hamburg (3,592), Stockholm (5,934), Malmö (4,107), and Copenhagen (1,093). · Transaction value SEK 92.5 billion (EUR 9.1 billion) with SEK 2.8 billion in annual rental income. · Heimstaden has committed a minimum SEK 8.5 billion equity investment in Heimstaden Bostad to support the transaction. · The location and scale of the portfolio brings synergy and operational scale effects unique to Heimstaden. · Closing expected early December 2021