Denmark’s PFA set to double Asia property allocation

PFA, Denmark’s largest commercial pension fund, is set to invest roughly another $1 billion in Asian bricks and mortar in the coming years. As of June-end, PFA's real estate allocation made up €9.5 billion ($10.5 billion) of its total assets under management of almost DKK585 billion ($86.4 billion), with the Asia-Pacific region accounting for 9% compared with the US on 19% and Europe excluding UK and Denmark on 16%. “As a share of our total real estate portfolio, our Asia exposu…