Andrew Speller
Last Updated:
December 07, 2019
London, United Kingdom
Contact Information
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Company Information

The owner is Akelius Foundation. Main beneficiary is SOS Children´s Villages. Akelius owns 44 000 apartments in Germany, Canada, England and Sweden, with the aim to give good service to tenants and to upgrade the premises, facilitating a further growth during the next century. The equity, after eliminating Derivative Instruments and Deferred Taxes amounts to two billion Euros. Main Policy Our The ten year rule, indicates a) to acquire and upgrade residential real estates b) situated in such areas that will appeal to tenants in ten years from now, giving a vacancy rate less than two per cent. Most stock market companies have to present good net operation profits and their bonus system directs their efforts. Our Ten year rule indicates that the total result after a ten year period is the most essential. The total result is composed of three components; - Net operation profit - Value growth due to upgrading - Value growth due to location We assume that sixty per cent Loan to Value gives a reasonable leverage compared to financial risks. High Volume of Upgrading Yearly, we upgrade 4000 apartments into luxury first class, investing 250 million Euros. No other European private company beats that. We are presently a world leader in developing a high volume, cost efficient StreamLine Production system in order to renew existing residential buildings. Imagine a yearly upgrading including 200 000 sq. new solid oak parquet, 40 000 sq. of new tiles, painting 150 000 sq., 4000 new toilets, 4000 new showers, 4000 new kitchens, one thousand entrances, hundreds of balconies. Entrepreneurs are welcomed to offer their developed products and services. University One policy is to maintain the best adequate educated staff among the worlds leading residential real estate companies. So far, sixty per cent of the staff have obtained a masters degree at the Akelius University. Prerequisites are an academic degree plus two years in the profession.......Read More
Location
50 Rosenlundsgatan, Stockholms län, Sweden, 118 63
Contact Number
+46 10 722 31 00
No. of Employees
900
Social Links
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Keywords
construction, apartments, education, technology, it, real estate, upgrading, charity, residential properties, renovating, asset management, project leader, letting, product, kitchen planner, leasing, renting, and manager, philanthropy, non-profits & non-profit services
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