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Formuepleje sells EUR 40m real estate to French investment manager

AXA has acquired 66 residences in Copenhagen from Formuepleje, which had owned the properties since 2018. This comes after a major sale to Catella in late 2021.

Formuepleje has sold this property, an assembly hall converted into 66 apartments. | Photo: Google

Danish asset manager Formuepleje has completed another divestment from its real estate portfolio, as separate buyers have acquired two of Formuepleje's properties in Copenhagen and in Aarhus, respectively.

Managing Director Søren Astrup tells AMWatch's sister media EjendomsWatch that Colliers brokered the new deals concurrently with Catella Residential Investment Management's deal that closed at the end of 2021, which entailed Formuepleje's DKK 1.9bn sale of 11 properties.

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