Danish pension funds DIP and JØP have acquired nine properties in Denmark through the purchase of all the shares in TG Partners. JØP's investment amounts to DKK 560 mln (€75 mln), and DIP's to DKK 300 mln (€40 mln).
Via a number of property companies, TG Partners owns six residential and three office buildings in Copenhagen, Frederiksberg and Hellerup.
As well as retail and office space, the properties include some 140 apartments.
The acquisition was concluded at the end of 2016. DEAS Property Asset Management, which already administers a number of assets for DIP and JØP, will manage the properties.
