Deals
Vonovia Becomes Sweden’s Biggest Landlord With $1.3 Billion Deal
- Germany’s biggest landlord buys Stockholm apartment owner
- ‘Diversification lowers risk,’ Vonovia CEO Buch says
Photographer: Bernd Thissen/Getty Images
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Vonovia SE will become the largest landlord in Sweden after buying Stockholm-based apartment owner Hembla AB for about $1.3 billion.
Following its 2018 purchase of Victoria Park, the deal is the German company’s second in the Swedish market and will increase its portfolio in the country to more than 38,000 apartments, overtaking Rikshem and Heimstaden, according to Vonovia.