Heimstaden Bostad’s €9.1 Billion Acquisition of Residential Portofolio From Akelius Group

Greenberg Traurig and DLA Piper advised Heimstaden Bostad on the deal. Luther, Linklaters Advokatbyrå and Accura advised Akelius.

Heimstaden Bostad, one of the largest European housing companies, announced its acquisition of the Akelius Group in Germany, Sweden and Denmark. The purchase price is 9.1 billion Euros.

The residential portfolios are located in five big European cities: Berlin (14,050 apartments), Hamburg (3,592), Stockholm (5,934), Malmö (4,107), and Copenhagen (1,093). Heimstaden will also be taking over the employees for the management of these portfolios. In Germany, the Scandinavian housing group thus grows from currently some 7,000 to around 25,000 apartments. The acquisition of the Akelius Group in Germany, Sweden and Denmark is subject to cartel clearance and scheduled to close later this year.

The Greenberg Traurig team included: Dr. Christian Schede (Picture), Wencke Bäsler, Dr. Josef Hofschroer, Dr. Christoph Enaux, Dr. Kara Preedy, Konradin Pleul, Dr. Martin Hamer, Dr. Florian Rösch, Dr. Niklas Conrad, Martin Dobias, Caroline Gorys, Irina Kuznecova, Franca Biallas, Dr. Philipp Barsch, Dr. Oliver Markmann, Dr. Johann-Frederik Schuldt and Dr. Lucas Wüsthof.

DLA Piper’s team was led by Anders Malmström, Gustaf Ström, Petros Vardanian and Emil Alexanderson in Sweden, and Emilie Møller and Andreas Brasch-Thomsen in Denmark.

Akelius Residential Property inhouse included Jonas Rogberg (General Counsel), Maya Lundin (Tax).

The Luther team included Detlev Stoecker (Partner and Lead), Kürsat Demirci (Associate), Charlotte Hartmann, LL.M. (Associate) with a team of notary clerks.

The Linklaters Advokatbyrå team included Magnus Lidman (Partner and Lead), Anna Eriksson (Managing Associate).

The Accura Law Firm was led by Luise Christensen (partner).

The Heimstaden inhouse team included Kristian Berentsen (Chief Legal Officer; Stockholm), Michal Hink (Investment General Counsel; Prag).

Involved fees earner: Luise Christensen – Accura; Emil Alexanderson – DLA Piper; Andreas Brasch-Thomsen – DLA Piper; Anders Malmström – DLA Piper; Emilie Møller – DLA Piper; Gustaf Ström – DLA Piper; Petros Vardanian – DLA Piper; Philipp Barsch – Greenberg Traurig LLP; Wencke Bäsler – Greenberg Traurig LLP; Franca Biallas – Greenberg Traurig LLP; Niklas Conrad – Greenberg Traurig LLP; Martin Dobias – Greenberg Traurig LLP; Christoph Enaux – Greenberg Traurig LLP; Caroline Gorys – Greenberg Traurig LLP; Martin Hamer – Greenberg Traurig LLP; Josef Hofschroer – Greenberg Traurig LLP; Irina Kuznecova – Greenberg Traurig LLP; Oliver Markmann – Greenberg Traurig LLP; Konradin Pleul – Greenberg Traurig LLP; Kara Preedy – Greenberg Traurig LLP; Florian Rösch – Greenberg Traurig LLP; Christian Schede – Greenberg Traurig LLP; Johann-Frederik Schuldt – Greenberg Traurig LLP; Lucas Wüsthof – Greenberg Traurig LLP; Anna Eriksson – Linklaters; Magnus Lidman – Linklaters; Kürsat Demirci – Luther Rechtsanwaltsgesellschaft mbH; Charlotte Hartmann – Luther Rechtsanwaltsgesellschaft mbH; Detlev Stoecker – Luther Rechtsanwaltsgesellschaft mbH;

Law Firms: Accura; DLA Piper; Greenberg Traurig LLP; Linklaters; Luther Rechtsanwaltsgesellschaft mbH;

Clients: Akelius Residential Property AB; Heimstaden Bostad ;

Author: Martina Bellini