Poba partners Danish pension fund for property JV
The move is part of an asset owner partnership strategy to help Poba increase its direct investments, and it offers the pension fund a good strategic overlap.
Korea’s Public Officials Benefit Association (Poba) is expanding its asset owner partnership strategy into European commercial real estate, with the Korean pension fund having agreed to ally with a Danish peer.
Poba has signed a memorandum of understanding for a real estate joint venture with pension fund PFA. The two parties are currently working on the final details about how best to proceed, both Poba and PFA confirmed to AsianInvestor.
PFA is Denmark’s largest commercial pen…
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