PFA, a leading Danish pension fund, has awarded a second mandate to La Française Real REM for the acquisition and management of senior housing and residential properties in Europe with a focus on France and Belgium.
The newly signed mandate stipulates an initial equity investment of €300 million to be invested over the coming years:
- €200 million to be invested in seniors housing complexes in Europe focusing on France and Belgium.
- €100 million in Private Rental Sector (PRS) properties located in major cities in France and Belgium.
La Française REM has a long-standing expertise in managed residences and residential investments, with respectively €1,183 and €1,775 million in assets under management (31/12/2021).
“La Française and PFA have been working successfully together for over two years. PFA awarded us an initial €100 million mandate in October 2019 for the acquisition and management of a French senior housing portfolio. Having successfully deployed this capital, we are delighted to be further developing our partnership and expanding our geographic focus to other European countries and our strategy to the PRS sector. We will certainly be able to leverage to PFA’s advantage our international real estate investment platform which includes investment teams across Europe. On behalf of La Française REM, I would like to thank PFA for their confidence.”David Rendall, Managing Director of La Française Real Estate Managers – Institutional Division
“We have successfully worked with La Française for a few years and are now expanding our relationship to further grow our residential and managed residential strategies in Europe.”Michael Bruhn, Managing Director of PFA