^ "AKELIUS FOUNDATION | ICIJ Offshore Leaks Database".^ "Akelius Foundation - the Foundation".Each project runs for 25 years and has received SEK 100 million.įollowing the outbreak of the war in Ukraine, in March 2022, the foundation launched a campaign to match all Swedish donations to UNICEF and UNHCR, raising SEK 1.7 billion, of which the foundation donated SEK 700 million. The organization has long-term commitments to four projects with SOS Children’s Villages. The Akelius Foundation has donated EUR125 million to UNICEF, SOS Children’s Villages, Doctors without Borders, and UNHCR from 2017 to 2022. 3,200 teachers use Akelius Foundation’s courses through UNICEF and UNHCR. The courses are used in refugee camps around the world. The language and mathematics courses are part of the foundation’s cooperation with UNICEF. Akelius Foundation is a large donor to UNICEF, SOS Children’s Villages, and other charities. The main shareholder of Akelius Residential Property AB is the Akelius Foundation with 85 percent. The UN Special Rapporteur on the right to adequate housing claimed that the company practiced renovictions to circumvent rent-control regulations and left residents living in unsafe construction sites for months, sometimes without access to running water or central heating. In April 2020, the United Nations Human Rights Council accused Akelius of human rights abuses. In response, the Berlin government provided a €10 million fund of interest-free loans to tenants struggling to make repayments. The rent cap was ruled unconstitutional in 2021 Akelius stated that they sought to reclaim the excess money from tenants. The company reacted to the Berlin government's rent cap in 2020 by adding "shadow rents" on leases, some of which were five times higher than the listed rent, which were to be paid retrospectively if the law were not to endure. The foundation is listed in the ICIJ's offshore leaks database. The foundation is registered as a non-profit organization in the Bahamas. The main shareholder of Akelius Residential Property AB is the Akelius Foundation with 85 percent, whose founder is the Swedish founder Akelius AB, Roger Akelius. Akelius Residential Property owns nineteen thousand rental apartments in New York, Boston, Washington D.C., Austin, Toronto, Montreal, Ottawa, Quebec City, Paris, and London. If you choose to do business with this business, please let the business know that you contacted BBB for a BBB Business Profile.Īs a matter of policy, BBB does not endorse any product, service or business.Akelius lawn sign advertising units for rent in a building on Van Horne in MontrealĪkelius Residential Property AB ( Akelius Fastigheter until spring 2014) is an international residential real-estate company registered in Sweden. BBB Business Profiles are subject to change at any time. When considering complaint information, please take into account the company's size and volume of transactions, and understand that the nature of complaints and a firm's responses to them are often more important than the number of complaints.īBB Business Profiles generally cover a three-year reporting period. However, BBB does not verify the accuracy of information provided by third parties, and does not guarantee the accuracy of any information in Business Profiles. BBB asks third parties who publish complaints, reviews and/or responses on this website to affirm that the information provided is accurate. Stay away.īBB Business Profiles may not be reproduced for sales or promotional purposes.īBB Business Profiles are provided solely to assist you in exercising your own best judgment. Their brand statement notes they are to be transparent and provide service to their stakeholders, including tenants, but they do anything but. The only saving ***** is that the concierges are great.If Akelius buys your apartment complex, move ASAP. And if you ask office staff anything, what they tell you often changes. The connection is poor and the line crackly I could barely hear the representative. I recently had to call the service center. Emails lack appropriate grammar, spelling, and layout.The phone to the front desk hasnt worked for a while. Emails state to contact ******* you must email her multiple times and she never replies. A recent newsletter blamed residents for an issue and gave an ominous note about parking. We receive emails the office has closed after it has closed. The main issue is a lack of expertise in change management, change communications, and general communications.Our building received notice of them taking over AFTER it had already happened and the new team was in the building, There has been a remarkable lack of communication. ![]() They manage my apartment building and from the start, its been a horror show.
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