DENMARK - Ville Raitio, head of research at European Association for Investors in Non-listed Real Estate Vehicles (INREV), has been poached by the DKK371.5bn (€49.8bn) Danish labour market pension fund ATP.

Raitio joins the fund's real estate team from April 1, where he will be focusing on European and American real estate funds, a spokesman for ATP confirmed today.

With Raitio's appointment the fund will also further continue its investment programme with regard to non-listed real estate vehicles, said Michael Nielsen, chief executive officer of ATP Real Estate and board member at INREV.

INREV stated it is actively looking internally and externally to find a replacement for Raitio.