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ARTICLES TAGGED WITH "Akelius"

Akelius changes representative in Castellum's nomination committee

Sweden — Akelius Apartments Ltd has informed the Nomination Committee of Castellum that attorney Charlotte Levin replaces Kerstin Engström as Akelius' representative in the Nomination Committee.

Roger Akelius on the turbulence at Castellum: "Needs an experienced pilot to elevate the business"

Sweden — Castellum is currently experiencing internal turbulence following the announcement over the weekend that Chair of the Board Louise Richnau and board member Stefan Ränk are stepping down. Their decision comes after expressing a lack of confidence from the company’s largest shareholder, Akelius. In an interview with Nordic Property News, Akelius’ founder Roger Akelius comments on the resignations, explaining why he believes a leadership change is necessary and how he envisions the future governance of the company.

Roger Akelius may acquire more shares in Castellum to "save" the company

Sweden — Roger Akelius, a major shareholder in Castellum, may consider purchasing additional shares to “save” the company. He made this statement to the news agency Nyhetsbyrån Direkt on Wednesday, following Castellum’s quarterly report on Tuesday and subsequent media commentary by Akelius.

Roger Akelius buys all D-shares in Akelius Residential Property and delists the company

Sweden — The buyout offer from Akelius Foundation, via Akelius Apartments, to the D-shareholders of Akelius Residential Property has been approved, and the company is thus being delisted from the stock market.

Synnes on the crisis: "The debts were not a huge problem for SBB"

Sweden — SBB is up to 80 percent done with reversing the company's setbacks. This is according to CEO Leiv Synnes when he participated in Nordic Property News event Public Properties Day. According to him, there were two important reasons why there were not really any major problems for the company.

Synnes: "Is there a reason why Akelius and Tollefsen are so rich"

Nordic — In the past few days, Stockholm Corporate Finance has invited to a Property Seminar. Among the large number of companies present was SBB. CEO Leiv Synnes shared both his view of the company's current position and what he sees as the most attractive segment. He took a swing against at the newspapers coverage of the company. “They have nothing to complain about.”

Akelius ends credit rating agreement with Fitch

Sweden — Akelius has ended the credit rating agreement with Fitch Ratings. The rating for the entities Akelius Residential Property AB and Akelius Property Financing B.V. will be withdrawn, accordingly.

Roger Akelius on the aborted Academedia deal and future real estate investments

Sweden — The real estate profile tells Nordic Property News about the rapid development of events behind the decision not to implement the major deal in Swedish education company Academedia, the view on possible real estate investments and the emerging attractiveness of the real estate market.

Roger Akelius predicts declining real estate prices

Sweden — Roger Akelius says in an interview with Dagens industri that Akelius is ready to trade with cash of around SEK 40 billion (EUR 3.42 billion). He believes in a fall in property and real estate share prices in the first half of 2024.

Roger Akelius: "Leiv is needed at SBB"

Sweden — For Nordic Property News, Akelius founder Roger Akelius comments on Friday's big bombshell in the real estate industry – that Ilija Batljan is resigning as CEO of SBB and will be replaced by Akelius CFO and Vice President Leiv Synnes.

Former Akelius CEO Elected Chairman of the Board

Sweden — At yesterday's annual general meeting of Akelius Residential Property resolutions were taken for inter alia payment of dividends, amendment of the articles of association and authorization to resolve upon new issue of class A ordinary shares. And a familiar face as new chairman.

Akelius Increases Ownership in Castellum

Sweden — On Friday last week, Akelius bought two million shares in Castellum for approximately SEK 224 million. It is the first time since October 2022 that Akelius has increased its holding in Castellum and now the ownership amounts to 12.73 percent of the capital.

Rutger Arnhult Continues to Sell Castellum Shares – Akelius Not the Buyer

Sweden — After having sold 40 million shares in Castellum in October, corresponding to 12.2 percent of the company, for SEK 4.6 billion to Akelius, Rutger Arnhult now continues to sell Castellum shares via M2 Asset Management. This time he is selling 2.3 million shares, corresponding to approximately 0.7 percent of the company, for SEK 303 million. The buyer this time, however, was not Akelius, Roger Akelius tells DI.

Roger Akelius Critical of Castellum: "Needs to Stop Dividends"

Sweden — Akelius recently became the largest owner in Castellum when it bought 12.2 percent of the shares from the former largest owner and current CEO Rutger Arnhult. In an interview with Göteborgs-Posten, Akelius' founder, Roger Akelius, sharply criticizes both Arnhult and Castellum and believes that the company must scrap its dividends to shareholders.

Akelius Enters New Market – Acquires Apartments in Quebec, Canada

Sweden — Purchase price is EUR 23 million. The property is built in 1968 and the average apartment size is 71 square meters, large enough for home office.

One Year Since the Major Akelius Acquisition: "Bought at the Perfect Wrong Time"

Nordic — At the end of October 2021, Heimstaden received final approval for the acquisition of Akelius' property portfolios in Germany, Denmark and Sweden. Almost a year later, Heimstaden's CEO Patrik Hall looks back on the huge 92 billion acquisition and the, in hindsight, "perfectly wrong timing" for the purchase. He also says how they view the future of the Akelius-portfolio today.

Akelius Opens Up for More Nordic Investments: "It's Likely"

Nordic — On Thursday last week, Akelius bought 40 million shares in Castellum from M2 Asset Management for SEK 4.6 billion, a deal that corresponds to 12.2 percent of the total number of shares in Castellum. The transaction makes Akelius the largest owner in Castellum, while the sale means that Rutger Arnhult reduces his ownership to 6.1 percent and becomes the second largest owner. Akelius CEO Ralf Spann tells Nordic Property News about the thinking behind the big purchase, what the ambition looks like with the holding and what other types of investment they are looking at.

Roger Akelius on the Blockbuster Acquisition in Castellum

Sweden — Akelius is back on the Swedish market through the giant acquisition of 12.2 percent shares in Castellum from Rutger Arnhult. Roger Akelius shares his thoughts on the transaction with Nordic Property News.

CEO Rutger Arnhult Divests Castellum Shares for EUR 424 Million to Akelius

Sweden — Castellum permits M2 Asset Management AB to proceed with a sale of shares during the currently ongoing closed period.

Akelius Sells Akelius Technology

Sweden — Akelius Residential Property AB strengthens its focus on residential real estate and has decided to sell Akelius Technology AB which includes the Technology Department to Akelius Apartments Ltd on July 29:th.

Heimstaden Acquires Residential Portfolio from Akelius for EUR 9.1 billion

Nordic — Heimstaden subsidiary, Heimstaden Bostad, buys 599 properties with 28,776 homes centrally located in Berlin (14,050), Hamburg (3,592), Stockholm (5,934), Malmö (4,107), and Copenhagen (1,093). Transaction value SEK 92.5 billion (EUR 9.1 billion) with SEK 2.8 billion in annual rental income.

Akelius Revises the Financial Policy

Sweden — Akelius revised financial policy limits the maximum loan-to-value to 45 percent. The previous limit was 40 percent.

Akelius Grows in Canada – Enters Ottawa

Sweden — Akelius has decided to enter Ottawa, the capital of Canada.

Akelius' Vice President Lars Lindfors Retires

Sweden — Upon turning 62 years in April 2021, Vice President Lars Lindfors will leave Akelius for early retirement.

Roger Akelius on the New Strategy for the Global Residential Company

Sweden — Akelius' business concept has for many years been to acquire properties in need of renovation, in order to renovate apartment by apartment as they become vacant. This concept will now change. Founder Roger Akelius on the future for the residential giant.