Pohjola property fof gets €100m before first close

Finland’s Pohjola Property Management has closed its new international property fund of funds for institutional investor – Real Estate Debt and Secondaries Ky (REDS) – after accumulating €100m.

The funds will invest in international property funds’ secondary interests, real estate loan funds and other instruments.

Markku Mäkiaho, managing director of Pohjola Property Management, said that the fact REDS was launched signalled of a change in the market environment, with Finnish institutions becoming more prepared to invest in foreign property through funds and other indirect investment instruments.

“This fund is a good indication of the level expertise in indirect investment at Pohjola Property Management and the trust shown to it by investors. The three pillars of our investment strategy respond well to the current market situation in which the economic uncertainty and tightening regulation create good purchase and financing opportunities for competent investors,” he said.

OP-Pohjola Group’s insurance companies own 20% of REDS, while its investment strategy is advised on by Real Estate director Pami Pihlström and portfolio manager Antti Palkén, who are part of Pohjola Property Management. Pohjola Property Management is part of Pohjola Group and OP-Pohjola Group.

Close Window
View the Magazine

You need to fill all required fields!