Denmark's ATP makes two further investments in US real estate funds

GLOBAL - Denmark's largest pension fund, ATP, has made two new commitments to US real estate funds through its subsidiary ATP Real Estate.

The pension fund committed $65m (€45.7m) to the UBS Trumbull Property fund, managed by UBS Realty Investors.

The commitment, which was signed in June, is ATP Real Estate's second investment with UBS.

The fund is an existing open-ended fund with a low-risk profile seeking a diversified exposure to real estate assets across property sectors in the US.

The Danish pension fund has also made a commitment of $80m to the Morgan Stanley Prime Property fund.

The fund is also an existing open-ended fund, pursuing diversified investments in stable income-producing real estate assets across property sectors in the US.

The commitment was signed in March this year and is ATP Real Estate's first investment with Morgan Stanley.

In March, the pension fund already committed $90m to a core US real estate fund managed by Invesco Real Estate.

ATP Real Estate Partners, established in 2006, has investments in 30 real estate funds in Europe and the US, valued at DKK6.4bn (€859m) at the end of 2009.