A new public-private partnership will ensure modern and quickly constructed barracks for the Danish defense. Industriens Pension has just joined as a new investor in the consortium initiated by AP Pension.
Industriens Pension is now joining a consortium that is ready to realize a nationwide project for the expansion of the Danish defense barracks.
The project can be implemented via a PPP model (public-private partnership), which will ensure high quality, budget control and effective solutions. And which can of course meet the Defense’s needs for, among other things, accommodation.
The consortium includes several Danish institutional investors, and with Industriens Pension’s entry, both the consortium’s capacity and experience base are further strengthened.
“It is an investment that contributes to a socially critical task, where there is a need for both speed and high quality. As a pension company, we have good experience with the PPP model, and we see it as a clear strength that we can combine private capital with societal needs,” says Søren Tang Kristensen, property manager at Industriens Pension, and continues:
“It is also an advantage that the consortium represents many Danish employees, and we hope that a long-term commitment can be established that supports the Defense’s work for many years to come.”
Highly topical social task
The consortium’s founding company, AP Pension, is also pleased to have brought another solid and long-term partner on board in the form of Industriens Pension.
“It makes perfect sense that we, as investors, are contributing to solving a highly topical and urgent societal task with new barracks. At the same time, we see a sensible investment basis, and it is very positive that Industriens Pension is joining the circle of investors who share these views,” says Peter Olsson, CEO of AP Ejendomme.
The amount of capital Industriens Pension and other parties will only be finally decided at a later date. The expectation is that the consortium’s total investment framework will end up in the billions.
Efficient construction process
For obvious reasons, the tasks of the Danish Armed Forces have grown significantly in recent years, and the need for modern accommodation facilities is urgent. The consortium, of which Industriens Pension is now a part, will use a so-called modularized construction process. This means that the buildings are produced in a factory, after which they can be transported to the construction site to be stacked and assembled. The method makes it possible to build the new barracks quickly and efficiently with a lower CO2 footprint than with traditional concrete construction.
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