Akelius sells 1,492 apartments in Germany

Half in Hamburg and half in Munich.
Construction years are between 1902 and 2008.

Sales price EUR 420 million, corresponding to EUR 4,800 per square meter.

Planned closing is end of 2019.

Luther Rechtsanwaltsgesellschaft mbH and Warth & Klein Grant Thornton were Akelius’ consultants in the transaction.

Pål Ahlsén, CEO:
This is an additional step in operation increase rating.
The sales proceeds will be used to reduce debt.
Our ambition is to increase our rating from BBB to BBB+.


Stockholm, 2019-08-05 

Pål Ahlsén 

CEO 

+46 768 07 97 02 

pal.ahlsen@akelius.se

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 11.00am CET on
August 5, 2019.

The company’s preference shares are listed on Nasdaq First North. Avanza Bank is the Certified Adviser of the company, ca@avanza.se, +46-8-409 421 20.

About Us

Akelius Residential Property AB is one of the largest listed residential real estate companies in Europe with a property portfolio consisting of 45,000 apartments and a fair value of EUR 12 billion. Akelius owns apartments for metropolitans in Berlin, Hamburg, Paris, London, Toronto, Montreal, New York, Boston, Washington D.C., Stockholm, Malmö and Copenhagen. Akelius provides current and future tenants with better living, by continuously upgrading the buildings and the service.

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