PFA, the Danish pension fund, has delighted La Française Real Estate Managers by agreeing to fund it with a further €300 mln on top of the €100 mln already deployed.
In October 2019, La Française revealed how PFA had committed a €100 mln mandate for the purchase and management of a French senior housing portfolio.
Given that has been deployed, PFA has decided to grant another €300 mln. Some €200 mln is going towards senior housing complexes in Europe, mainly focusing on France and Belgium.
A further €100mln is earmarked for the private rented sector in major French and Belgian cities.
‘We have successfully worked with La Francaise for a few years and are now expanding our relationship to further grow our residential and managed residential strategies in Europe,’ said Michael Bruhn, MD at PFA.