Danish pension funds PFA Pension, Juristerne og Økonomernes Pensionskasse and Danske Civil- og Akademiingeniørers Pensionskasse have invested a total of €148 mln to acquire a number of property assets owned by the Carlsberg Foundation.
The pension funds are taking a 49%, 34% and 17% stake respectively in six real estate companies which own the assets.
The properties have been owned by Carlsberg Foundation since before the Second World War.
'I am very pleased that we have managed to reach agreement with three highly regarded Danish pension funds that have long-term investment profiles and extensive experience with property – an agreement that will continue the companies' real estate activities for the benefit of current and future tenants,' said Flemming Besenbacher, chairman of Carlsberg Foundation.
Catella has acted as sole financial advisor to the vendor.
'Real estate transactions are becoming increasingly complex, and we are determined to position ourselves as a leading financial advisor in today’s complex business environment – we want to be the link between property and finance. Any complex transaction requires the ability to closely interact and cooperate with other specialised advisors,' added Jesper Bo Hansen, head of Catella Corporate Finance.
