AMWatch

Industriens Pension wants to double and diversify real estate portfolio

Historically, the Danish pension fund serving industrial workers has held relatively few property assets, but real estate chief Søren Tang Kristensen is in full swing changing this. The firm prefers two segments with varying strategy and geographic focus.

Søren Tang Kristensen began as head of real estate at Industriens Pension 2.5 year back after working at Velliv. | Photo: PR / Industriens Pension

Like many other pension sector player, Danish Industriens Pension wants to dramatically expand its holdings of real estate assets to serve as a stable counterweight to fluctuating equities and bonds still carrying low yields.

The most recent manifestation of this strategy emerged on June 29 with the pension company buying the coming headquarters of domestic biotech firm Genmab in Copenhagen for a price of DKK 620m (EUR 83.28m).

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