Berlin - Akelius has sold almost 1,500 apartments in Hamburg and Munich. Luther provided legal support for the transaction.
The Akelius Group, listed in Sweden, is one of the largest private Real Estate Companies in Europe with a Portfolio of around 45,000 apartments. Akelius has now sold 1,492 of its apartments with the support of a team from Luther Lawfirm led by Berlin partner Detlev
Apartments were sold in Hamburg and Munich in buildings constructed between 1902 and 2008. The transaction is expected to be completed by the end of 2019. The sale price amounts to EUR 420
million and serves to strengthen the equity base.
This is Akelius' second major transaction this year, following the sale in March of approximately 2,800 apartments in the Rhine-Main region to a group company of Deutsche Wohnen SE for EUR 685 million.