Following a structured process, Fokus Nordic has won a major tender round for the management of two property portfolios for Velliv Properties, PensionDanmark Properties and Lægernes Pension.
The agreement that has been entered into covers a broad portfolio of a part of the pension companies’ portfolio of properties, mainly offices, logistics and housing, distributed across the country with a total AuM of almost DKK 7 billion.
“It is not very often that pension funds change management of their properties, so we are incredibly proud to have won this tender in open competition,” says Michael Rønnelund, COO at Fokus Nordic. “It is an exciting task we are facing, and the plan is to start the administrative work no later than 1 January 2025.”
During the tender process, Fokus Nordic has presented a proven and recognized management setup with a long management history of both regulated and unregulated real estate funds, which has led the pension funds to choose Fokus Nordic.
Fokus Nordic continues to grow within an in-house full-service concept, where customers only need to go to one place with their management tasks.
Tonny Nielsen, CEO of Fokus Nordic, says: “This is another win for us, and a big thank you goes out to all parties involved with the support and continuation of our growth strategy.”
Fokus Nordic thanks several of Denmark’s largest pension companies for the great trust shown – and will with great humility approach the task of driving the development of the properties and optimizing the long-term risk-adjusted return.
About Velliv:
Velliv offers pension schemes to both private individuals and companies. With more than 400,000 customers, Velliv is Denmark’s third largest commercial pension company. All the company’s customers are co-owners of Velliv through their automatic membership in Velliv Foreningen, which is the majority owner of the pension company. For more information visit: Velliv
About PensionDanmark:
PensionDanmark is an occupational pension company whose purpose is to ensure that members receive a good supplement to public welfare benefits when they retire or lose their ability to work. PensionDanmark has 800,000 members employed in 23,000 private and public companies.
For more information visit: PensionDanmark
About Lægernes Pension:
Lægernes Pension was founded in 1946 to ensure that doctors and their families have financial security throughout their lives. Lægernes Pension has since established Lægernes Bank and the investment fund Lægernes Invest. Lægernes Pension manages a total pension asset of approximately DKK 120 billion for more than 50,000 members.
For more information visit: Lægernes Pension
About Fokus Nordic:
Fokus Nordic offers investors investment and asset management in real estate in the Nordic markets. With over DKK 35 billion in AuM and a team of 80 dedicated professionals covering the entire real estate value chain, Fokus Nordic simplifies the process of investing in, owning and managing real estate for institutional and professional clients.
For more information visit: Fokus Nordic