PFA prefers outsourced property management, says real estate chief

Denmark's largest commercial pension fund PFA relies on major firms Newsec Datea and Deas to manage its commercial and residential properties. The decision to outsource, made several years ago, frees the inhouse leadership to focus on the areas of the business they are best at, the head of the company's real estate division tells EjendomsWatch, an AMWatch sister site.

Photo: PR

Denmark's largest commercial pension fund, PFA, has hired external help to manage the DKK 24 billion (EUR 3.2 billion) Danish property portfolio, where the two biggest market players, Newsec Datea and Deas, respectively, manage the pension fund's commercial properties and residential properties.

According to Michael Bruhn, CEO of PFA Real Estate, the size of the portfolio alone was reason enough for PFA to hire the two administrators to manage rental, rent bills,  and owner supervision for the pension fund's properties.

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