D Carnegie Completes Largest Swedish Transaction in 2017
Sweden D Carnegie has completed the largest Swedish transaction in 2017 when the acquired 27 properties from Akelius for SEK 2.47 billion (EUR 251M). In addition D Carnegie acquires four properties from Mimer for MSEK 765 (EUR 78M).
”We are very pleased to be acquiring this high-quality portfolio which further increases our exposure to the fast-growing Stockholm region. We would also like to thank Akelius for a swift and smooth process” says Svein Erik Lilleland, interim CEO of D Carnegie.
The properties D Carnegie acquires from Mimer are all residential properties located in Västerås. The annual rental value amounts to MSEK 53 (EUR 5.4M).
"We are extremely pleased to be entrusted with the ownership and management of this high-quality residential portfolio in the municipality of Västerås and to further increase the size of our property portfolio, which now comprises 20,226 residential apartments (including properties under contract), through this transaction. This is our first acquisition in Västerås, a fast-growing municipality which we believe in strongly. Västerås is well located and fits in with the rest of our property portfolio on the west side of Stockholm. In addition, we believe that the Västerås has promising growth and good development potential. This is also our first acquisition from the public sector and we look forward to becoming a trusted partner to this and other municipalities," says Svein Erik Lilleland.