The largest commercial pension fund in Denmark is making a big bet on real estate as it adjusts its portfolio in anticipation of very low interest rates for a very long time.
Michael Bruhn, head of real estate at PFA in Copenhagen, just spent more than US$1 billion on property in Germany as he adds to a real estate portfolio that is now worth over US$9 billion.
It was PFA’s biggest property purchase to date and follows a recent decision to “significantly increase” exposure to…
Source : South China Morning Post
Read more…Danish pension fund PFA bets big on property on expectations of prolonged low rate climate















