Danica follows strategy with large residential real estate push
Danica Ejendomme is building residential real estate for young people in Copenhagen worth up to DKK 500m, and is also investing millions of kroner in 10,000 square meters of leasable real estate. "It is an important part of our strategy to increase our investments in the residential real estate segment," says the CEO.
Two years ago, KLP Kapitalforvaltning accounted for 4 percent of inflows to Norwegian retail funds. Now, its share is 17.6 percent. "It's been a dramatic change," says CEO Håvard Gulbrandsen, who thinks sustainable funds, low prices and new dynamics in the Norwegian retail market are responsible.
The Swedish Pensions Agency has been busy recently, with a first foray into real estate and new terms and conditions for its fund platform meaning lower fees for savers. Fund department chief Erik Fransson also discusses whether going fossil free has had an impact on returns.
Five new guidelines aim to create more transparency about how Danish pension funds asses the value of unlisted assets – but according to several pension firms, they already live up to these principles.