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PFA deploys senior housing investment outside Copenhagen

01 August 17 - RE+D Magazine
PFA deploys senior housing investment outside Copenhagen

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PFA is investing in the development a community-living complex of up to 30 homes for older people.

 

Denmark’s largest commercial pension fund said it is investing with the philanthropic association Realdania, which aims to “kickstart” the idea more broadly across the country.

According to realestate.ipe.com, it is the first time PFA has built residential property for retired people and Realdania’s first private residential community project outside Greater Copenhagen.

The pension fund is targeting the sector as the number of over-60s in Denmark rises.

It estimates that 8% of over-60s in Denmark – or around 100,000 people – want to move to senior residential communities.

The community homes in the east Jutland city of Horsens will have total space of 2,400sqm and will be owned by PFA.

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