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PFA hands management of DKK 24 billion commercial real estate portfolio to Rubik

Rubik Properties has won a contract to manage the entire commercial real estate portfolio of Denmark’s biggest pensions firm PFA, worth DKK 24 billion (€3.2 billion), in conjunction with property manager Cobblestone.

The portfolio, built up by the DKK 720 billion pension fund over a number of years, consists of just over 70 properties and includes nearly 40 multi-user properties, including The Union office hotel concept, a number of project properties and 26 head office buildings, according to Rubik. 

The properties are primarily leased for office purposes, it said, with individual units leased for residential purposes.

Source: realassets.ipe.com on the 25th of September

https://realassets.ipe.com/news/pfa-hands-management-of-dkk24bn-real-estate-portfolio-to-rubik/10132817.article