Judge's report

Velliv has a strong internal approach for analysing and researching new investment sectors and opportunities, including conducting quantitative and qualitative business plans for each investment tailored to the general strategy for the real estate asset class, financial models, statistics of demographics, analysis of economic data and trends, and benchmarking asset attributes.

Velliv aims for an 80% allocation to core and core-plus, and 20% to value-add and opportunistic investments. The fund has a relatively large portion of legacy office assets, accounting for more than 40% of the total real estate allocation. Velliv seeks to reduce its office exposure slightly and increase allocation to development projects within logistics, industrial and residential sectors – either by re-investing net income into construction projects of existing assets or through acquisitions.

Velliv’s most recent strategic initiative is to invest in and develop intergenerational residential communities that house mixed generations in a co-living scheme. The plan is to expand the intergenerational co-living concept to the rest of Denmark under a common sub-Velliv brand, called NaboLiv. Velliv has strong partnerships with other Danish pension funds via co-investments which contribute to the diversification of risk and reduction of concentration risk.