Business
Allianz invests $871 million in Heimstaden’s Sweden property portfolio
Published by maria gbaf
Posted on December 23, 2021
1 min readLast updated: January 28, 2026
Global Banking & Finance Review®
Company
Published by maria gbaf
Posted on December 23, 2021
1 min readLast updated: January 28, 2026
Allianz invests $871 million in Heimstaden's Swedish property portfolio, forming a joint venture to manage 9,309 homes in Malmo and Stockholm.
(Reuters) – Allianz Real Estate said on Wednesday it had invested 7.9 billion Swedish crowns ($870.88 million) in Heimstaden Bostad’s portfolio of properties in Sweden that it recently acquired from its rival Akelius Residential Properties.
The agreement will form a joint venture on the 30.4 billion Swedish crown portfolio, which includes 3,377 homes in Malmo and 5,932 homes in Stockholm, the asset manager said in a statement.
Allianz Real Estate, on behalf of insurer Allianz, said the joint venture will be funded with equity, as well as a debt facility from Heimstaden.
Heimstaden in September agreed to buy Akelius’ 599 properties in Germany, Denmark and Sweden for 92.5 billion Swedish crowns ($10.6 billion), following a string of smaller portfolio acquisitions this year across northern and central Europe.
($1 = 9.0713 Swedish crowns)
(Reporting by Vishal Vivek in Bengaluru; Editing by Ramakrishnan M.)
The article discusses Allianz's $871 million investment in Heimstaden's Swedish property portfolio, forming a joint venture.
The main companies involved are Allianz Real Estate and Heimstaden Bostad.
The investment signifies a strategic partnership to enhance real estate assets in Sweden, particularly in Malmo and Stockholm.
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