PensionDanmark has announced it is financing the construction of two new building projects in Denmark.

The first is a new office building in the capital, Copenhagen, whilst the second is an elderly care centre in Herlev.

For the office building in Copenhagen, the pension provider has partnered with NCC to build the 13,000 square foot building in the old free port area of the city. PensionDanmark has already begun building new premises for DFDS in the same area.

"With the construction of the office building, we are completing the area by Marmormolen, which will encapsulate PensionDanmark's ideals for real estate investments," PensionDanmark director of properties, Marius Møller, said.

The office building was designed by PLH Architects and is expected to be completed in the summer of 2023.

In Herlev, the municipal council has adopted the ambition of having a modern and innovative area, where elderly care, housing, public services and retail life are combined.

PensionDanmark will build a care centre in the area, which will bring together a number of public facilities such as a nursing clinic, rehabilitation clinic and town hall functions in a new multi-family house. The nursing homes will be rented out to the municipality's elderly via a guidance agreement between the municipality and PensionDanmark.

The construction will be carried out to meet the criteria for the international sustainability certification DGNB Gold.

“Innovative and sustainable housing and care facilities for the elderly are an obvious investment for us as an occupational pension company. We have a mission to contribute to a healthy and safe old age for our members, and we believe that the project we are now launching in the lake in Herlev can be scaled and spread to municipalities across the country,” PensionDanmark CEO, Torben Möger Pedersen, said.

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