Several pension funds are keeping close tabs on the construction sector, watching out for bottlenecks and rising prices, in a bid to protect themselves against investing in a market that has become too expensive, writes Danish business media Finans.
“Everything we have is for sale if the price is right. It’s strictly business for us. With the large amount of interest that we’re currently experiencing towards our rental housing, there are no signs of the market being overstrained,” says CEO of PFA Real Estate, Michael Bruhn, to Finans.
At PKA too, Head of Property Investment Nikolaj Stampe is keeping an eye on the market. PKA expects to increase its real estate investments from DKK 20 to 30 billion towards 2020, but if the prices rise too much, the plan will be suspended.
English Edit: Marie Honoré