Real estate mandate changes manager to have "fresh eyes on the properties"

Fokus Nordic is losing the mandate for the Commercial Real Estate Denmark fund to Rubik Properties. Several Danish pension funds are among investors in the EUR 1bn portfolio.
Et af aktiverne i CRED-porteføljen er den 25.000 kvm store ejendom i midten af billedet på Vesterbrogade i København. De 12 bygninger fungerer i dag som kontor-, møde- og konferencefaciliteter under navnet Bings opkaldt efter porcelænsfabrikken Bing og Grøndahl, der tidligere lå på stedet. | Photo: Styrelsen for Dataforsyning og Infrastruktur
Et af aktiverne i CRED-porteføljen er den 25.000 kvm store ejendom i midten af billedet på Vesterbrogade i København. De 12 bygninger fungerer i dag som kontor-, møde- og konferencefaciliteter under navnet Bings opkaldt efter porcelænsfabrikken Bing og Grøndahl, der tidligere lå på stedet. | Photo: Styrelsen for Dataforsyning og Infrastruktur

It is a significant portfolio that Rubik Properties will start managing at the turn of the year: the Commercial Real Estate Denmark (CRED) fund contains 31 properties with a total value of approximately DKK 7.5bn (EUR 1bn) and an area of 427,000 square meters.

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