The sale includes Brøndby Fresh Goods Center, the Brødcooperative in Brøndby, Hasselager Fresh Goods Center and Coop's service office in Albertslund. The properties will henceforth be run and developed by PensionDanmark with Coop as tenant.

The deal also includes the urban development project Coop Byen Vest P/S with 378 apartments and terraced houses, which the parties have collaborated on for the past two years. From now on, PensionDanmark has full ownership of the project.

"The development of modern, flexible and sustainability-certified commercial properties and urban areas is a core competency for PensionDanmark, and therefore this agreement with Coop is completely natural. We look forward to a new phase of our collaboration and an investment that will contribute to a reasonable return on our members' pension savings," says Marius Møller, CEO of PensionDanmark Ejendomme.

In Coop, the sales agreement contributes financing to the company's strategy to invest four billion kroner towards 2027 in the establishment of Denmark's largest supermarket chain, Coop, and the expansion of the fast-growing discount chain, 365discount.

"Our savings in bricks have grown by a billion in recent years. We are using part of that savings to complete this major transformation," says managing director Kræn Østergård Nielsen, Coop.

With the agreement, Coop will release the free value in the properties sold, which, together with a new financing agreement, will give the group the necessary capacity to realize the planned investments. At the same time, the lease agreement with PensionDanmark provides new flexibility.

"Over the past two years, we have had good and close cooperation with PensionDanmark on the development of Coop Byen Vest, and this agreement bodes well for future cooperation, and gives us flexibility in relation to our warehouse structure in the long term," says the property director Flemming Møller Hansen, Coop.