AMWatch

Nordea Ejendomme winds up after Deas assets buy; CEO joins new owner

The deal by Denmark's biggest property manager Deas to buy a DKK 22 billion (EUR 2.95 billion) real estate portfolio marks the end for longstanding property asset manager Nordea Ejendomme -- and sees the latter's CEO transfer to the new owner to ensure a smooth handover.

Photo: PR

The sale of Nordea Liv & Pension to customer-owned Norliv in 2017 was arguably the death knell for Nordea Ejendomme.

Via Nordea Liv & Pension, Nordea owned a property portfolio worth DKK 22 billion (EUR 2.95 billion), which was managed by Nordea Ejendomme.

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