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TEHRAN, December 10 - The European nation’s largest investment group, Danish pension fund PFA, recently purchased Thiemannstrasse, a Berlin street in Germany’s Neukölln district, German-based newspapers reported Saturday.
TEHRAN, Young Journalists Club (YJC) - This summer, PFA — with assets at some $71 billion — also purchased 140 apartments in the neighboring Böhmische Strasse. The apartments were purchased through a $1.36 billion property deal from Industria Wohnen, which oversees more than 18,300 apartments in Germany.
According to local reports, many of the apartment's tenants were only made aware of the ownership change last month and are worried that the neighborhood will be further gentrified, similar to other parts of the popular urban area, leading to property prices and higher rents.
German politician Cansel Kiziltepe, a member of the Social Democratic Party of Germany, expressed concern over the PFA move.
"They want to make profits. Denmark itself has ringfenced its housing market," she told the German tabloid BZ, suggesting that foreign investment in Danish real estate was strictly controlled by Copenhagen.
Source: Sputnik News
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