AMWatch

Surging city prices: Downstairs neighbor of Danish pension fund PFA Director of Real Estate is the last retired person to live in that apartment

In a constant chase for yield returns, pension funds have contributed to the surging living costs in the cities, which have now reached a level that makes average Danes struggle to keep up. PFA Director of Real Estate has had a taste of his own medicine but in a new series by FinansWatch on ethics and real estate investments he claims that change requires a political effort.

Photo: Stine Bidstrup/ERH

"My job is to generate the best possible return on behalf of the 1.3 million Danish people who have trusted their savings with PFA,” is PFA Director of Real Estate Michael Bruhn’s first words in his interview with FinansWatch.

We have already agreed on the settings. The interview is conducted as part of a series in which FinansWatch sharpens its focus on the ethics behind pension companies’ real estate investments in line with the pension sector's own increasing focus on ESG.

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