PFA buys more real estate in Copenhagen as asset class "replaces bonds"

Danish pension giant PFA has bought two properties from domestic pension firm P+, which is continuing to divest properties worth millions of Euros in favor of bonds.

PFA CEO Michael Bruhn,. | Photo: Bidstrup Stine/Ritzau/Ritzau Scanpix

Denmark's biggest commercial pension provider PFA has bought two properties in Copenhagen worth a total of DKK 1.3bn (EUR 170m) from labour market fund P+.

"P+ wanted to sell residential real estate. There was a limited bidding round before we made an agreement with P+," says Michael Bruhn, CEO at PFA.

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