PFA invests in New York project and sharpens focus on international logisitics

Danish pension company PFA is investing EUR 67m (DKK 500m) in a logistics property in New York as it follows the infrastructure megatrend. More international logistics investments are "an important part of our investment strategy for 2021" according to the head of real estate.

Michael Bruhn, head of real estate, PFA | Photo: PR/PFA

PFA is investing EUR 67m (DKK 500m) in an upcoming property within last mile logistics in Brooklyn, New York. Tech giant Amazon has committed to a 15-year lease for the property, the pension company writes in a press release.

Construction of the 14,000 square meter logistics building started earlier this year and is expected to be completed in spring 2022. Entrepreneurial company March is an advisor on the project.

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