Akelius business idea is to give a better living in major metropolitan cities. This means that the company acquires old buildings, which very often have a significant maintenance need.

They are old, tired and everything but climate friendly. To allow for further decay is not sustainable, neither from a social or an environmental perspective.

Without renovations these buildings eventually become uninhabitable, leading to an increased shortage of apartments. 

The company never force any tenant from their apartment. Akelius policy is to renovate once an apartment becomes vacant. The company welcomes tenants in-place to stay as long as they want.

The Code of Conduct is the basis of Akelius´ business activities. You find the Code of Conduct on Akelius webpage https://akelius.com/en/investor/governance/code-of-conduct

Akelius was very surprised by the press release as of 29 April 2020.

Ms Farha's claims are general and referred to hearsay. No concrete cases and no facts. Akelius welcomes facts. At any time, Akelius checks individual complaints to improve tenant’s satisfaction.

We would have appreciated if she had contacted us before publication.

Regards

Ralf Spann

CEO

Akelius Residential Property AB