AMWatch

Danish pension fund plans to expand real estate portfolio to EUR 2 billion over the next five years

According to valuation reports, the worth of AP Pension's properties has gone through the roof, with an EUR 67 million (DKK 500 million) increase compared to 2018. AP's head of real estate tells EjendomsWatch that there will be a significant expansion of the portfolio over the coming years, with a new focus on municipal projects. 

Photo: PR/ AP pension

Danish pension fund AP Pension's real estate portfolio was worth EUR 67 million (DKK 500 million) more at the end of 2019 than at the end of 2018, primarily due to increases in value, the year-end report for the company's property business, AP Ejendomme, shows.

The value of the existing portfolio now totals EUR 615 million (DKK 4.6 billion), and a further EUR 214 million (DKK 1.6 billion) is under construction, giving a total value of EUR 830 million (DKK 6.2 billion). This higher value reflects the fact that the average minimum return requirement has been lowered from 5.8 to 5.3 percent.

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

Oil fund 2021 returns almost reach 15 percent

The three last years have been the best in the sovereign wealth fund's history, in NOK terms. CEO Nicolai Tangen and Deputy CEO Trond Grande don't expect the same good times going forward, however.

Further reading

Latest news

Jobs

Latest news from FinansWatch (dk)

Latest news from EnergyWatch

Latest news from ShippingWatch