<p>PensionDanmark has invested in a retail and residential building in Lyngby, to the north of Danish capital Copenhagen.</p> <p>The DKK222bn (&euro;29.8 billion) pension fund did not disclose the price of the deal.</p> <p>The deal involved the purchase of 4,200sqm of space from turnkey contractor KPC, along with long-term leases.</p> <p>Torben M&ouml;ger Pedersen, chief executive of PensionDanmark, said: &ldquo;This is a very well-located property with retail areas on the ground floor and a basement car park that PensionDanmark is buying, and there will be homes built on the upper floors.&rdquo;</p>