While the UN report said Akelius Residential was driven by a desire to maximise profits, Akelius the person claimed the company earns less when upgrading compared to simply renting out buildings. Some people like to buy an iPhone to get extra features – the production of iPhone is not against any human rights.”Īkelius has shifted its strategy from renovating buildings to managing them after the UN communication, which was sent to the governments of Canada, Germany and the UK. “The upgrading made a better living for our friends, the tenants. You can claim to stop the renovation of roads because it disturbs but it is never against any human rights to repair. “The problem is that any renovation disturbs. All apartment upgrades were done only in an empty apartment before a new tenant arrives. “Akelius has never threatened or forced any tenant to leave a house. “That means more clients want to pay the extra fee for a better living – the basic rule for any business is to produce what the clients prefer. “The reason that Akelius renovated the apartments was that for a renovated apartment the demand was on average five times higher than for not renovated apartments. “One lady at the UN is in favour of the Cuba politics of no renovation. He added: “Akelius is an honourable, honest company. There was no follow-up between Akelius and the UN after the allegations were made. “That is not anything at all against human rights.”Īkelius Residential is based in Sweden but operates in countries including the UK, Canada and Germany, managing 44,000 rental apartments worth over £10bn. They are saying that we were against human rights because we are making a profit and we are upgrading. Roger Akelius said: “The claims were ridiculous. The firm was said to have used renovations as a means to drastically increase rents, in addition to threatening tenants with evictions to enable further renovations to take place. The UN publicly alleged that Akelius created a hostile environment for its tenants. He called claims by the UN that the firm breached international human rights “ridiculous”, while he accused human right lawyer Leilani Farha, who was the UN’s special rapporteur on adequate housing, of favouring “Cuba politics”. Akelius Foundation is one the world’s largest donors to SOS Children’s Villages.Roger Akelius, the founder of corporate landlord Akelius Residential, has responded to the accusations made against his company from the United Nations. The company’s main ultimate owner is the Akelius Foundation, a charitable foundation. To ensure that the company has the best educated staff in the real estate industry, all employees receive extensive training through the Akelius Business School. The aim is to improve quality and enhance efficiency, and in the long term develop all applications inhouse. 150 staff work on the digitalization of the companies processes, whereof three quarters work in application development. This is why the company invests in digitalization and education. The company understands that in order to provide a better living, innovation and a talented and educated workforce is required. Eighty percent of the properties are located within ten kilometers of the city center. The company strives to provide a better living by focusing on residential properties in growing, soulful cities. The company owns 45,000 rental apartments in New York, Boston, Washington, Toronto, Montreal, Paris, London, Berlin, Hamburg, Copenhagen, and Stockholm.
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