Heimstaden Bostad, a real estate owner and developer, completed the acquisition of residential properties in Germany, Sweden and Denmark from Akelius, an in-house development company, for $10.7bn. "We are happy to announce this acquisition across five thriving and attractive European cities with rich cultural legacies, strong economic growth, and passionate inhabitants with engagement for their cities and broader society," Patrik Hall, Heimstaden Bostad CEO.