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 of Swedish residential company Akelius: 

"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+."