AkademikerPension, a public pension fund based in Denmark, has unveiled a new real estate strategy to increase the property portfolio from the current DKK 2 billion ($270 million) to DKK 7 billion ($944 million) by 2026.
AkademikerPension said the goal is for the property portfolio to comprise 7 percent to 8 percent of the total portfolio by 2026, compared with the current 4 percent to 5 percent.
The current portfolio consists primarily of offices in Copenhagen, but will expand to include 50 percent residential, 30 percent offices and various construction projects by 2026. Most of the investments will be located in Copenhagen and Aarhus, with some 25 percent of the real estate investments to be made in smaller Danish cities.
“It is a rather ambitious plan,” said Søren Møller-Larsson, property manager at AkademikerPension. “It is a significant growth target that we have set ourselves, so we have to be a lot more active than we have been in the past. The g
