Denmark's ATP invests DKK 6.9 billion in shopping malls

The ATP pension fund has agreed to buy a 50 percent stake in 16 shopping malls owned by Danica Pension, writes Berlingske Business.

Frederiksberg Centreret, one of the shopping malls now being partly acquired by ATP. | Photo: PR

The ATP pension fund has agreed to acquire a 50 percent stake in 16 shopping malls currently owned by Danica Pension. The investment is worth some DKK 6.9 billion (EUR 930 million), writes Berlingske Business.

According to Danica Chief Investment Officer Anders Svennesen, the shopping malls have been the most lucrative part of Danica's real estate portfolio in recent years, and says that Danica and ATP will now invest more in the properties to make them more attractive.

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