Formuepleje to sell majority of real estate portfolio before year-end – foreign buyers ready to pounce
The asset manager will sell the lion's share of its real estate portfolio to shift its focus to development properties. Formuepleje executives are surprised by how much value its three real estate portfolios have amassed over just a few years.
by emil birkeland klintorp, translated by catherine brett
Danish asset manager Formuepleje's investors have given it the green light to divest around DKK 2.2bn (EUR 295.7m) in real estate, which is the lion's share of the company's real estate portfolio. The vote was taken at an extraordinary general meeting for the asset manager, Danish financial daily Børsen reports.
Already a subscriber?Log in here
Read the whole article
Get access for 14 days for free. No credit card is needed, and you will not be automatically signed up for a paid subscription after the free trial.
With your free trial you get:
Get full access for you and your coworkers
Start a free company trial todayRelated articles
Formuepleje scraps Danish equity fund
For subscribers
Lars Larsen Group increases stake in asset manager
For subscribers
