Key Takeaways
- • Søren Grusgaard is leaving pension company P+ to join Rubik Properties as portfolio director, according to a press release from the asset manager.
- • Grusgaard will manage the PFA commercial property portfolio, valued at DKK 24bn (EUR 3.2bn), which Rubik won in the fall and takes over when the management agreement takes effect on Feb. 1.
- • Rubik, headquartered in central Copenhagen, manages total property assets of roughly DKK 40bn (EUR 5.4bn), with clients including PFA, Goldman Sachs and Invesco.
- • Rubik COO Daniel Hedemann called Grusgaard "the ideal person" to head the portfolio, citing his investor-side experience.
Summary
Real estate manager Søren Grusgaard is leaving pension company P+ to join Rubik Properties, where he will hold the title of portfolio director, according to a press release from the asset manager, as reported by AMWatch on 12 January 2026.
In the autumn, Rubik won the mandate for PFA's commercial properties, valued at DKK 24bn (EUR 3.2bn). Grusgaard will be responsible for this portfolio when the management agreement comes into force on 1 February.
Daniel Hedemann, partner and COO at Rubik, said Grusgaard brings "a unique combination of deep investment expertise, strong portfolio management skills, and a broad perspective across both the Danish and international real estate markets." Hedemann added that Grusgaard's institutional background and track record support Rubik's ambitions, and that his approach to investment discipline and market insight fit the firm's focus on quality, transparency and value creation.
Grusgaard said he looked forward to "becoming part of Rubik Properties at such a significant point in the company's development,” adding that the size and profile of the portfolio and Rubik's strategic ambitions offer "a unique opportunity to create long-term value for both investors and tenants."
Rubik, headquartered at Sankt Annæ Plads in central Copenhagen, manages total property assets of around DKK 40bn (EUR 5.4bn). In addition to PFA, its client base includes international players such as Goldman Sachs and Invesco. The article was provided by AMWatch's Danish sister publication EjendomsWatch.
In the autumn, Rubik won the mandate for PFA's commercial properties, valued at DKK 24bn (EUR 3.2bn). Grusgaard will be responsible for this portfolio when the management agreement comes into force on 1 February.
Daniel Hedemann, partner and COO at Rubik, said Grusgaard brings "a unique combination of deep investment expertise, strong portfolio management skills, and a broad perspective across both the Danish and international real estate markets." Hedemann added that Grusgaard's institutional background and track record support Rubik's ambitions, and that his approach to investment discipline and market insight fit the firm's focus on quality, transparency and value creation.
Grusgaard said he looked forward to "becoming part of Rubik Properties at such a significant point in the company's development,” adding that the size and profile of the portfolio and Rubik's strategic ambitions offer "a unique opportunity to create long-term value for both investors and tenants."
Rubik, headquartered at Sankt Annæ Plads in central Copenhagen, manages total property assets of around DKK 40bn (EUR 5.4bn). In addition to PFA, its client base includes international players such as Goldman Sachs and Invesco. The article was provided by AMWatch's Danish sister publication EjendomsWatch.
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