New Danica Real Estate CEO plans more active ownership of assets
With one of the biggest Danish real estate trades in decades – ATP's acquisition of half of Danica's shopping center portfolio – a more offensive strategy with highly active owners is ushered in, says the new Chief Executive of Danica Real Estate, André Scharf.
BY JØRGEN BENDSEN
The Danske Bank owned pension provider Danica Pension has just collected a significant billion-kroner sum after completing one of the biggest Danish real estate trades in decades – the sale of half of Danica's portfolio of 16 shopping centers at a price of almost DKK 7 billion (EUR 940 million), to pension fund ATP. The centers throughout the country have a total area of 400,000 sq.m. and 1,100 leases, which are visited annually by 60 million customers.
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