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Velliv's real estate arm more than doubles its year-end result and expects same level in 2020

Velliv Ejendomme has divested several properties in 2019, and tis will continue in the future in line with the investment strategy, the year-end report reads.

Solveig Rannje, CEO, Velliv Ejendomme | Photo: PR/ Velliv

Pension company Velliv's real estate arm, which is run by Solveig Rannje, had a result of EUR 70 million (DKK 521 million) in 2019, an increase of 145 percent compared to 2018. This is primarily due to positive valuation adjustments.

The 2020 income before the valuation adjustments to property is expected to be at the same level as 2019, Velliv Ejendomme's year-end report states.

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