111 LAWTON BLVD - TENANTS - AKELIUS CANADA LTD

LINK TO AKELIUS CANADA TORONTO TENANTS YOUTUBE CHANNEL City councillor backs up the UN’s claim that Toronto landlord abusing rights of tenants by  Harriette Halepis for TRNTO   Posted: May 12, 2020 The United Nations Special Rapporteur on the right to housing, Leilani Farha, recently issued a  public statement  accusing Swedish-owned  Akelius Residential Properties  of a practice known as renoviction. Akelius owns more than 44,000 rental properties in Europe and North America, including 3,500 in Toronto. The practice of renoviction is popular in major cities and especially in upcoming neighborhoods where landlords can increase existing rent by driving out existing tenants with renovation eviction notices. “These renovations are a vehicle for Akelius to charge substantially increased rents to both new and existing tenants, enabling it to circumvent vital rent-control regulations which commonly allow for above-control rent increases where modernization works ...

Corporate landlord is abusing tenants’ human rights, says UN housing expert 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 lives and has told the company its operations in the UK, Ca...

UPDATE: Parkdale building work paused after disturbing tenants in isolation Residents at home due to COVID-19 said construction noise was 'unbearable' NEWS   MAR 17, 2020   BY  VERONICA APPIA       TORONTO.COM Construction work to the balconies at 99 Tyndall Ave. is disturbing tenants who are trying to stay home and be safe during the COVID-19 pandemic. - Dan Pearce/Torstar Editor's Note: As of 3:17 p.m. Wednesday, March 18, toronto.com was notified  Akelius Real Estate Management Ltd., would halt construction at the building until further notice. Here is our original story. While residents of one building in Parkdale are trying to self-isolate amid the COVID-19 pandemic, they are experiencing other health concerns due to the racket caused by the sounds of jackhammering outside their units.  Construction work to the balconies at 99 Tyndall Ave. has been occurring on and off for two years now, but r...

Updated Oct. 18, 2019 AVOID AKELIUS - WORST LANDLORD EVER Fordwych Road - June 2018 - ongoing If you are considering an Akelius property, STAY AWAY! Living in an Akelius property has been THE WORST experience I have had in nearly 15 years of renting properties in London. FOR OVER A YEAR NOW, I HAVE BEEN LIVING ON A LOUD, FILTHY AND UNSAFE CONSTRUCTION SITE! Save yourself the time and headache - go inform yourself and read the many bad reviews their tenants have posted online (Trustpilot, Google Reviews, Yelp). Now, search Google News for their negative media coverage. Then, ask yourself - why take the chance with Akelius? There are countless other properties with better landlords to choose from. COMPENSATION: After much complaining and having to unnecessarily follow-up my emails repeatedly as they were attempting to ignore me, Akelius reluctantly offered 20% rent reduction. They initially tried to scam me on this, only offering this starting many months after...

On December 31, 2019, and January 1, 2020, several tenants deposited their rent checks for the month of January 2020. The current property manager from Akelius Canada Ltd. - Mr. Tristan Quamina-Pinnock - neglected to pick up the checks from the metal rental box located off the lobby on the main floor. Two weeks later tenants received N 4 eviction notices from the company issued by - Mr. Tristan Quamina-Pinnock - giving them until the end of January to pay the rent or move out. After receiving complaints from tenants concerning the wrongful issuance of these N4s, the property manager finally came over to the premises to retrieve the rent checks. As usual, there has been no formal apology to these tenants by Akelius Canada Ltd. Here is a suggestion Akelius Canada Ltd . could send out a driver on the second of each month to all their properties and pick up the rent checks instead? Finally, the company should have more control over their employees on what they ...

ON SEPTEMBER 15, 2019 AKELIUS CANADA SOLD THE FOLLOWING PROPERTIES TO STARLIGHT INVESTMENTS LTD. FOR $176.8 MILLION DOLLARS. PROPERTIES AKELIUS CANADA SOLD TO STARLIGHT INVESTMENTS SEPTEMBER 15, 2019 *  580 The East Mall:  122 units with an average size of 1,001 square feet. Thirty-seven percent of the suites have been renovated and the building has received capital expenditures of $3.8 million; *   2701 Eglinton Avenue West:  49 units averaging 610 square feet. Sixty-one percent of the suites have been renovated and the building has received capital expenditures of $927,000; *   2040 Eglinton Avenue West:  37 units averaging 690 square feet. Forty-nine percent of the suites have been renovated and the building has received capital expenditures of $600,000; *   310-312 Lonsdale Avenue:  35 units averaging 665 square feet. Eighty-six percent of the suites have been renovated and the building has received capital expenditures o...

Akelius selling 13-building portfolio of GTA apartments Steve McLean Residential  Apr. 29, 2019 This apartment building at 74 Curlew Dr., in Toronto is among 13 assets being sold by Akelius. (Courtesy JLL) Akelius Canada has put 13 apartment buildings, with a combined 664 units, up for sale in the Greater Toronto Area. “Many of these assets are peripheral to their core portfolio and were acquired in conjunction with other properties,” said  JLL Capital Markets  multi-family investment executive vice-president and national team lead Michael Betsalel, who’s responsible for the sale. “They’re selling some of the stuff in their portfolio that doesn’t necessarily fit their long-term strategy.”  Betsalel stressed Akelius is still committed to owning, managing and acquiring rental properties in Toronto. Akelius declined to comment on the properties until after any transactions occur. The apartment buildings range in size from 20 to 122 uni...