The Technical and Environmental Committee of Copenhagen's city council on Monday approved a new local plan for the plot between the Copenhagen Central Station and Copenhagen Harbor formerly occupied by the postal services run by operator Postnord, according to Danish TV station TV2 Lorry. The committee previously turned down the project because it was too big and would block out too much light from the rest of the city.
Danica Pension, which has bought the 40,000 square meter plot, intends to build seven round buildings, the tallest of which will be 93 meters wide and 115 meters tall. The only political parties voting against the building were the Red-Green Alliance party and the Social Liberal Party (Radikale Venstre).
The entire area around the old post office will be transformed into a new urban area with residential, commercial, and green areas. Here, a planned luxury hotel near the old post terminal is becoming an key pawn in the game after Danica sold the old Postnord headquarters to Norwegian hotel billionaire Petter Stordalen's First Choice Hotels.
A year ago, Petter Stordalen announced – while wearing a red and white Danish flag suit – that he had bought the 100-year-old post office from Danica. The upmarket hotel is set to open in 2020.
English Edit: Marie Honoré
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Grant-making association Realdania has its roots in the history of Danish housing needs -- all the way back to the devastating Copenhagen Fire of 1795. But with his eye firmly fixed on today's financial market challenges, CIO Peter Johansen tells AMWatch the private philanthropic organization is now set for a big boost in its alternative assets.
Both Alecta and AMF are busy shifting assets into new investment types: Alecta has more than doubled its green bonds investments in 2017, while AMF’s CIO says her fund has been working to manage assets outside the traditional asset classes.
Over the years, Pensiondanmark has built up a large portfolio of alternatives, which in 2017 yielded a return that compares with equities. Investments in infrastructure, property and non-listed assets will help protect the savings of more than 700,000 members against future equity unrest and interest rate hikes.
Spiralling costs for government pensions, a large sector of the population with scant pension savings, particularly poor pensions among women -- and a group with no pension coverage at all. The latest OECD pension report lays bare the fact that Germany has a steep hill to climb, with pensions in need of far-reaching reforms.