The investments are made in a portfolio of modern logistics properties in Europe, and in addition to South Korean POBA, the pan-European real estate investor PATRIZIA is included as manager and with a share of the investment.

PFA's real estate director Michael Bruhn emphasizes that it is a major step in the implementation of PFA's real estate strategy, focusing on more investments in suitable projects in Europe and generally increasing the proportion of foreign real estate investments in the coming years.

“With this investment with two recognized partners, we have ensured that pension savers benefit from the stability found in real estate investments over time, while at the same time benefiting from the growth in the area of ​​logistics and online trading. International partnerships are very interesting because with our common knowledge and skills we get the best basis for making such a huge investment in an international market, ”says Michael Bruhn, PFA's real estate director.

He emphasizes that he looks forward to working with POBA and PATRIZIA on investment in the portfolio. PFA's investment is just over DKK 2.6 billion. This is equivalent to just over half of the total equity investment in the portfolio.

"It is a significant investment for PFA in a number of well-located logistics properties in key European markets, which serves as a strong complement to our current portfolio of housing and business in Denmark, the rest of Europe and Asia and the US," says Michael Bruhn.

The portfolio consists of a total of 42 logistics properties in some of Europe's most central hubs, and investments are distributed in the following countries: France (17), Netherlands (3), Italy (11) and Spain (11).

Logistics properties have become highly sought after, especially due to the increased internet commerce. In Europe, since 2010, there has been an increase in internet trade of 300 percent, and in the same period the rental of warehouses and logistics buildings has increased by 150 percent.

The investment supports PFA's focus on selected international megatrends, one of which is Internet commerce supported by logistics and infrastructure. The deal is among PFA's largest international real estate investments and the largest single investment in logistics ever for the company.

With the South Korean partner The Public Official Benefit Association, there is satisfaction with the investment. CEO of Kyong Ho Han says in connection with the agreement:

“This agreement, signed with PFA, a prominent European company, is not only the cornerstone of POBA's introduction into the European market as a significant player, but it is also an exemplary example of cooperation between global investors. This co-investment will enable POBA and PFA together to exploit the growth potential of European logistics properties, and it marks the beginning of a sustained strategic partnership between the two companies."