The many billions of kroner in Danish pension savings must always be at work. In the present-day world of negative interest rates, pension funds are increasingly looking towards alternative investments, and property is a popular investment object.
PFA and Sampension, Denmark's two largest pension funds, have decided to put even more money towards real estate, writes Danish business daily Børsen.
Sampension is going to add DKK 7 billion (EUR 941 million) to the DKK 5 billion previously allocated to properties, and PFA expects its property portfolio to grow by DKK 13 billion before 2020.
"We will be increasing our property investments considerably, and much of it will be abroad. We already have a sizable property portfolio in Denmark," says Michael Bruhn, Executive Director of PFA Ejendomme, to Børsen.
English Edit: Marie Honoré