Pension fund depreciates property portfolio by EUR 53.6 million due to regulatory change - may write off more

Pension fund P+ reported that it had written off EUR 53.6 million (DKK 400 million) of its real estate portfolio due to concerns about new legislation. The plan for the new regulations was revealed in January, and further depreciation may be a possibility, says CIO Mikkel Svenstrup, who is waiting for the final legislation.

Mikkel Svenstrup, CIO at P+. | Photo: PR

P+, which was created after the merge of DIP and JØP, decided to cut out EUR 53.6 million (DKK 400 million) of its Danish rental property portfolio in 2019.

The depreciation happened before the pension fund knew what the new legislation, which aims to stop short-term property speculation, would include. The legislation has not yet been prepared.

Read the whole article

Get 14 days free access.

No credit card is needed, and you will not be automatically signed up for a paid subscription after the free trial.

  • 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

Nasdaq reports record year in Europe

In 2021, the number of new equity listings on the Nasdaq exchange in Copenhagen broke the old record set in 2007, and in Stockholm, the exchange recorded its highest-ever number of new listings. Nasdaq also had increasing trading volumes last year.

Further reading

Related articles

Latest news


Latest news from FinansWatch (dk)

Latest news from EnergyWatch

Latest news from ShippingWatch