Denmark’s biggest pension fund has committed another €700 million to real estate funds, joint ventures and club deals via its subsidiary, ATP Real Estate, IPE reports. ATP has been working on a new real estate strategy over the past few months and set up a follow-on investment entity, ATP Real Estate Partners II.
The investment program is for three years and is likely to be more risk-averse than its predecessor and consequently hold a larger allocation to core real estate. ATP Real Estate Partners was formed in 2006 and has since built up a portfolio of investments in 30 real estate funds in Europe and Asia, valued at €859 million at the end of 2009.
Click here for the story from IPE.