SEB Pension has sold Teknikerbyen -- a 47,000sqm office development in Virum to the north of Copenhagen -- for a total price of DKK 615 million (EUR 82.6 million), according to SEB Pension, which is being taken over by Danica.
The first 23,000 sqm of the asset were sold in December to Sampension and Kristensen Properties, and now Pensiondanmark is taking over the remaining 26,000sqm.
"The property does not fit in with SEB Pension's future strategy, so we decided to investigate whether a sale could bring us an attractive price. That was fortunately the case, all for the benefit of our pension customers," says Solveig Rannje, CEO of SEB Ejendomme, in the statement.
As of Feb. 1, Pension Danmark is taking over the 26,000 sqm, which is occuplied by energy company Ørsted, while Sampension and Kristensen Properties are taking remaining 23,000 sqm with tenants Marchmercher and Niras.
"We are taking over an attractive business property with modern facilities and a good location. With Ørsted as a solid tenant on a long lease, we expect the investment to give our members a good return for many years," says Torben Möger Pedersen, CEO of Pension Danmark, in the company announcement.
Sadolin & Albæk brokered the sale, and law firm Accura acted as legal advisor for SEB Pension.
English Edit: Marie Honoré
More from AMWatch
Ten funds make up nearly a quarter of the Swedish market
AP7’s equity and fixed income funds are the biggest on the Swedish market. Removing them leaves just 9% for the others on the top ten list - but that 9% is dominated by one major bank, Morningstar figures show.
Mass outflows hit every asset class as recession fears climb
Investors fled every major asset class in the past week, with US equities and Treasuries a rare exception to the massive exodus, amid concerns that tightening monetary policy will push major economies into a recession.
Changes on the way at Lærernes Pension after active ownership criticism
A new active ownership policy is being developed at Lærernes Pension, says the CIO, and the final version will be approved by the board in June.
Evli Q1 more impacted by markets than outflow
The market turmoil in the first three months of the year has had more of an effect on Evli than outflows, though the fact that international investors have pulled out of Evli’s corporate bond fund has been felt.
Storebrand AM’s Cubera hires sustainability head
A new Chief Sustainability Officer at the Nordic is joining the manager’s private equity subsidiary from Allianz.
Product Specialist, Corporate Credits 
Vil du med på vores vækstrejse? 
Vi opnormerer med en privatrådgiver til Sparekassen Thys Danmarks Afdeling på hovedkontoret i Thisted 
Team Manager 
Boligchef til solid lokalbank i vækst