PenSam Acquires Historic Property in Islands Brygge


Pension company PenSam has acquired the property at Njalsgade 17-23 in Islands Brygge from ALFA Development on December 20, 2023. The property spans a total area of 26,000 square meters, seamlessly blending historical and industrial design with contemporary features. Located 100 meters from the harbor and in close proximity to the center of Copenhagen, with easy access to the Metro and the highway, it ensures convenient accessibility for tenants’ employees and customers.

“The investment complements PenSam’s portfolio of city properties, aligning with our goal to strengthen our portfolio with high-quality properties in strategic locations, both in terms of offices and residences. The property boasts a robust sustainability profile and will contribute to ensuring a stable and attractive return for our 430,000 pension customers. We would like to thank ALFA Development for a professional and smooth process,” says Jeppe Starup, Head of Private Capital and Real Assets at PenSam.

Tonny Nielsen, CEO and partner at property manager Fokus Nordic, expresses his joy in continuing the successful collaboration with PenSam and adds, “We are extremely pleased to expand our partnership with PenSam in a challenging market and continue to look for attractive investments for PenSam.”

Fokus Nordic coordinated the acquisition for PenSam and will manage the property after the purchase. PenSam’s advisory team included Poul Schmith, KPMG, NIRAS, and Colliers, while ALFA Development was advised by Cushman & Wakefield | RED.



About the Property
The property is situated in Islands Brygge near Langebro and the center of Copenhagen. Its location attracts businesses desiring a presence in inner Copenhagen, and in addition to exciting and modern office spaces, it offers a vibrant environment with a restaurant, beer bar, and yoga studio. Built around 1907 by the Common Association of Denmark’s Cooperative Societies (FDB) and designed by architects Philip Smidth and Carl Wolmar, the complex served as FDB’s headquarters and production facility for goods for cooperatives until 1964. The property’s architectural style has been preserved, serving as a significant testament to Islands Brygge’s historical connection to trade and production.

Although the property has shaped the cityscape for over 100 years, it is a compelling example that older properties can also contribute to a positive sustainability profile, which PenSam will continue to enhance in the coming years.

About PenSam

PenSam is a pension company that provides occupational pensions, insurance, and banking products to the professional groups affiliated with FOA, covering 430,000 predominantly public employees within core welfare tasks such as elderly care, educational work, cleaning, and technical services. PenSam manages investments totaling DKK 170 billion and places a strong emphasis on responsible investments, including the green transition.

About Fokus Nordic

Fokus Nordic offers premium consultancy services in real estate investments to both Danish and international investors and is a leading property manager in Denmark with properties under management exceeding DKK 40 billion. The company comprises a team of 80 dedicated and experienced specialists covering the entire value chain of property management. For further information about Fokus, you can visit their website at


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