AKELIUS RESIDENTIAL AB IS BREACHING HUMAN RIGHTS STANDARDS - UNITED NATIONS HUMAN RIGHTS
Corporate landlord is abusing tenants’ human rights, says UN housing expert LINK TO AKELIUS CANADA TORONTO TENANTS YOUTUBE CHANNEL LINK TO ONLINE ARTICLE POSTED APRIL 29, 2020 GENEVA (29 April 2020) – Multinational corporate property owner Akelius Residential AB is breaching human rights standards with its aggressive push for housing profits in countries around the world, a UN expert said today. “Akelius’s business model, driven by the desire to maximise profits, has created a hostile environment for its tenants through a severe degradation of housing conditions, higher rents and increased risk or threat of eviction,” said the UN Special Rapporteur on the right to housing, Leilani Farha. Swedish-listed Akelius Residential is a prominent landlord with over 44,000 rental apartments, valued at close to $13 billion in North American and European cities. Farha said she had heard of many cases where Akelius utilises an aggressive business model which wreaks havoc with people’s liv...