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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.

André Scharf, Chief Executive of Danica Real Estate. | Photo: PR

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.

But if you ask André Scharf, Chief Executive of Danica Real Estate since last fall, the money will not be collecting dust in the Danske Bank-owned money tank: The deal with ATP expresses a clear commitment to risk more on shopping centers, but from now on with a better balanced portfolio, where the 16 centers no longer account for half of Danica's exposure in real estate.

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