New Danica Real Estate CEO plans more active ownership of assets

With one of the biggest Danish real estate trades in decades – ATP's acquisition of half of Danica's shopping center portfolio – a more offensive strategy with highly active owners is ushered in, says the new Chief Executive of Danica Real Estate, André Scharf.

André Scharf, Chief Executive of Danica Real Estate. | Photo: PR

The Danske Bank owned pension provider Danica Pension has just collected a significant billion-kroner sum after completing one of the biggest Danish real estate trades in decades – the sale of half of Danica's portfolio of 16 shopping centers at a price of almost DKK 7 billion (EUR 940 million), to pension fund ATP. The centers throughout the country have a total area of ​​400,000 sq.m. and 1,100 leases, which are visited annually by 60 million customers.

But if you ask André Scharf, Chief Executive of Danica Real Estate since last fall, the money will not be collecting dust in the Danske Bank-owned money tank: The deal with ATP expresses a clear commitment to risk more on shopping centers, but from now on with a better balanced portfolio, where the 16 centers no longer account for half of Danica's exposure in real estate.

Read the whole article

Get 14 days free access.
No credit card required.

  • Access all locked articles
  • Receive our daily newsletters
  • Access our app
An error has occured. Please try again later.

Get full access for you and your coworkers.

Start a free company trial today

More from AMWatch

Savills IM working hard on first Nordic residential investment

The global property investor has plans to expand its growing portfolio in Denmark with a new asset class, residential real estate, "very soon," says Head of Nordics Peter Broström. The manager still believes in the office and retail sectors, despite the pandemic and rising inflation.

Further reading

Latest news


Latest news from FinansWatch (dk)

Latest news from EnergyWatch

Latest news from ShippingWatch