Allianz and Heimstaden Bostad Form Joint Venture
Allianz Real Estate, on behalf of Allianz companies, invests SEK 7.9 billion in Heimstaden Bostad’s portfolio in Sweden with properties recently bought from Akelius, forming a joint venture (JV) on the SEK 30.4 billion portfolio centrally located in Malmö and Stockholm.Commenting on the acquisition: Annette Kröger, CEO North & Central Europe for Allianz Real Estate:“We are very pleased to enter into this joint venture covering such a well-diversified, sizeable portfolio. Our renewed interest in the residential sector is a deliberate adjustment to our investment strategy; the sector’s