02/12/2022at 10:18

PFA pauses three construction projects as Head of Nordic Real Estate expects recession

PFA’s real estate department is changing its strategy in expectation of more interest rate increases and recession, says the head of Nordic real estate, while three projects are being paused as ”it didn’t make sense to keep going.”

Mikael Fogemann, Head of Nordic Real Estate, PFA Ejendomme | Photo: PR / EDC Poul Erik Bech

by CATHERINE BRETT

One of Denmark’s largest real estate investors, PFA Ejendomme, is preparing for ”a real recession,” says Mikael Fogemann, who is responsible for the firm’s direct real estate investments.

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