- Norges Bank Investment Management (NBIM) has agreed to acquire a 50 per cent stake in Sony Center, a mixed-use property located in Berlin, in a joint venture with Oxford Properties.

The agreement was signed on 19 May 2022 and is expected to be completed on 30 June 2022. NBIM will pay €677m for its 50 per cent interest, with the property valued at €1354m. The property is encumbered by €625m of existing debt. No further financing will be involved in the transaction. The sellers of the property are Oxford Properties and Madison International Realty, with Oxford Properties retaining a 50 per cent stake in the property and performing the asset management on behalf of the joint venture.

- A group of Danish institutional investors have raised DKK 225m to invest in Upfin, a Danish venture fund with a focus on investments in the fintech sector.

Velliv has collaborated with, among others, Vækstfonden and Finansforbundet to raise the funds. Velliv is part of the board of Copenhagen Fintech and is an investor in Grandhood, which has ‘deep roots’ in the Danish fintech sector. “The collaboration with Upfin is a good opportunity to gain access to fintech investments in Denmark and the Nordic region,” said Velliv head of alternative investments, Christoph Junge.

- Pensioenfonds PostNL’s policy funding ratio increased to 125 per cent in April 2022.

This represents an increase of 1.1 percentage points on March 2022, when the policy funding ratio was 123.9 per cent, and a 2.7 percentage point rise compared to April 2021. The policy funding ratio is the average of the current funding ratios of the past 12 months. The pension fund’s current funding ratio increased from 130.6 per cent in March 2022 to 135.1 per cent in April.

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