AMWatch

Global investment manager buys real estate holdings from pension fund

LaSalle has taken over 270 residences in Copenhagen from P+. This is the second time recently that the Danish pension fund divests real estate.

One of the properties in Amager, Copenhagen. | Photo: Google

Pension company P+ has sold 270 residences and around 1000 square meters of commercial real estate in Copenhagen. The new owner is the international investment manager LaSalle, which has bought the real estate on behalf of its real estate funds targeting Europe, Encore+, as stated in a press release.

"We identified this specific strategy in Denmark to access high-quality resilient assets such as this residential portfolio in Copenhagen, with the intention of holding them for the long term, and we are interested in exploring similar acquisition of this type," says Fund Transaction Manager Alexandre Arhuis-Grumbach.

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