Wilhelm, a residential property company owned by Swedish national pension fund AP1 and insurer Folksamgruppen, are jointly acquiring a portfolio of 2,299 homes in southern Sweden for SEK 3.8 bn (€391 mln).
The vendor is Stockholm-listed global residential property company Akelius Residential Property.
The portfolio is spread across 61 properties in and around the southern coastal city of Helsingborg. The properties were built between 1906-1992. Half of them are located in central Halmstad and Eneborg, and the rest in other neighbourhoods of Helsingborg, such as Statterna and Adolfsberg.
The closing of the transaction in September.
'Our "thing" is residential properties in metropolitan areas. We will reinvest in new and existing buildings,' said Akelius CEO Pål Ahlsén.
Founded by Swedish property billionaire Roger Akelius, Akelius Residential Property owns 47,000 apartments in Sweden, Germany, France, Canada, the UK, the US and Denmark.