Canadian pension fund buys Copenhagen office asset

Aviva Investors has acquired Galleri K, a mixed-use retail, leisure and office asset in Copenhagen, in a further extension of its partnership with the Public Sector Pension Investment Board, one of Canada’s largest pension investment managers.

“As we continue to expand our partnership with Aviva Investors, we are thrilled to be entering Copenhagen — a supply-constrained market that is recognised as a top European tech hub and benefits from a highly educated labour pool. This acquisition is in line with our strategy to invest in key innovation markets,” said Stéphane Jalbert, managing director, Europe and Asia Pacific, real estate investments, PSP Investments.

The asset was sold by PATRIZIA AG.

Located at the corner of Østergade and Kristen Bernikows Gade, Galleri K is situated on Copenhagen’s high street at the center of the city’s retail district and benefits from proximity to the new Cityringen metro line. The 24,500-square-meter (264,000-squar