PFA acquires DKK 1.3bn worth of rental leases in Copenhagen

Denmark’s PFA has expanded its property portfolio with the purchase of DKK 1.3bn worth of rental housing and commercial leases in Copenhagen.

The investment covers 168 leases and three commercial leases in two properties. The first is a 14,000 sqm building accessible from both Finsensvej and N. Jespersens vej in the Frederiksberg part of the city. Another property is located on Store Mølle Vej in Amager and houses 17,000 sqm of housing. Hundreds of tenants have now become customers of PFA, which is Denmark’s largest real estate investor.

“The Copenhagen housing market has been booming for a number of years, and the trend seems to be continuing. So these are good, safe investments that have now fallen into place,” PFA property director, Michael Bruhn, said.

PFA's property portfolio has increased from DKK 14bn to DKK 77bn since 2013 and includes a number of investments in properties within business, logistics and housing in Denmark and internationally.

“Properties provide a good and stable return if you invest properly. At the same time, it is a good alternative to bonds, which are currently losing ground compared to other low-risk investments. We have gradually built up a strong and versatile portfolio of properties in both Denmark and internationally, which provides good stability and risk-adjusted returns to our customers for many years into the future,” Bruhn added.

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