Akelius sells 664 apartments in Toronto

The 13 properties are located in the districts York, Old Toronto, East York, Scarborough, Etobicoke and North York.
Construction years are between 1927 and 1972.

Sales price CAD 186 million.

Pål Ahlsén, CEO:
The sale enables us to further reduce the loan-to-value.
We strive for a higher rating, from BBB to BBB+.

Stockholm, 2019-09-16

Pål Ahlsén 
+46 768 07 97 02 

Akelius Residential Property AB’s preference shares are listed on Nasdaq First North Growth Market. 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 48,000 apartments and a fair value of EUR 11 billion. The company owns properties in Sweden, Germany, USA, Canada, England, Denmark and France. Akelius onws apartments for metropolitans. 91 percent of the properties are in cities with more than one million inhabitants, such as Berlin, Hamburg, Munich, Cologne-Düsseldorf, Frankfurt-Mainz, Paris, London, Toronto, Montreal, New York, Boston, Washington D.C., Stockholm and Copenhagen. Akelius' mission is to provide currentand future tenants with better living, bycontinuously upgrading the buildings and theservice. Each year 4,000 apartments are upgraded.


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