Akelius sells 2,839 apartments in Germany

1,753 of the apartments are located within the Rhine-Ruhr metropolitan region, in Cologne and Düsseldorf,
and 1,086 are located within the Frankfurt-Rhine metropolitan region, in Frankfurt, Wiesbaden and Mainz.
Construction years are between 1900 and 2018.

Buyer is Deutsche Wohnen.
Planned closing in June 2019.

Sales price EUR 685 million.

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

Pål Ahlsén, CEO:
The proceeds of sale will be used to reduce debt.
It is one step further in the operation increased rating from BBB to BBB+.

Stockholm, 2019-03-18

Pål Ahlsén 
CEO
+46 768 07 97 02 
pal.ahlsen@akelius.se 

The company’s preference shares are listed on Nasdaq First North. Avanza Bank is the Certified Adviser of the company, corp@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.

Subscribe

Documents & Links

Quick facts

sells 2,839 apartments in Germany
Tweet this