British real estate manager eschews Copenhagen for other Nordic capitals

A Danish real estate market dominated by pension funds has prompted one British capital manager to steer clear of Copenhagen. The firm — which manages more than DKK 110 billion in real estate funds — prefers the other Nordic capitals, according to the asset manager's head of real estate research.

Photo: PR.

LONDON – New commercial and residential buildings are springing up all over town in Copenhagen, and Danish pension funds are the investors behind a significant amount of them. But it is precisely this dominance of the retirement savings institutions that has made British asset manager Schroders turn away from Copenhagen in favour of other Nordic capitals.

The heavy presence of the pension funds, together with the prospect of low returns, puts a damper on Schroders' interest in Danish real estate investments, says Mark Callender, Head of Real Estate Research at the firm.

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