Luther advises Akelius on the sale of around 30,000 flats in Germany and Scandinavia

The employees involved in managing the portfolio at the respective locations will be taken over by Heimstaden. The transaction is expected to close in early December 2021, subject to merger approvals in Germany and Sweden.

In the future, Akelius will focus on the further development of the real estate portfolios in England, France, Canada and the USA.

In this transaction, Linklaters Advokatbyrå (Stockholm) acted on the seller side for the sale of the Swedish portfolio. Accura Lawfirm (Copenhagen) acted for the sale of the Danish portfolio. The bidding process was conducted by CBRE and tax advice was provided by PricewaterhouseCoopers.

Luther has advised Akelius on all transactions in Germany since entering the market in 2005, most recently on the sale of larger property portfolios in 2019.

About Akelius Residential Property AB

Akelius Residential Property AB is a listed Swedish residential property company. In addition to Sweden, Denmark and Germany, it is also active in England, France, Canada and the United States. With a portfolio of around 50,000 flats, of which over 20,000 are in Germany, it is one of the larger real estate companies in Europe.

On behalf of Akelius Residential Property AB:

Akelius Residential Property AB (inhouse): Jonas Rogberg (General Counsel), Maya Lundin (Tax)

Luther, Real Estate Law (Berlin): Detlev Stoecker (Partner and Lead), Kürsat Demirci (Associate), Charlotte Hartmann, LL.M. (Associate) with a team of notary clerks

Linklaters Advokatbyrå Aktiebolag, Real Estate (Stockholm): Magnus Lidman (Partner and Lead), Anna Eriksson (Managing Associate)

Accura Law Firm (Copenhagen): Luise Christensen (partner and lead)

PricewaterhouseCoopers (Berlin): Tim Leitzke (auditor and tax consultant)