Danish trade union pension fund Pension Danmark has bought two office properties in Aarhus for a total investment of DKK 555 mln (€75 mln).

The assets are the multi-tenant Company House I Kejby and the BDO building, containing 23,600 m2 of office space in total. The vendor was office specialist firm Obel Ejendomme.

Torben Möger Pedersen, CEO at Pension Danmark, said: 'These are two high quality properties in good locations. We believe that this investment gives a good and stable yield" says Torben Möger Pedersen, CEO at Pension Danmark.

Pension Danmark is one of the largest Danish pension funds, co-owned by 10 labour unions and 16 employers' organisations, with 680,000 members and €25 bn of assets under management.