Interest in direct investments in Nordic real estate is growing, especially from international investors. Large institutional investors looking for geographical diversification often choose local property funds to manage their money, and competition from pension money is strong.
“In the Nordics, and in particular in Sweden, a lot of pension money owns many of the core properties in the major cities,” says Helena Olin, head of real asset investments at the Second Swedish Pension Fund AP2. “That can make it hard to compete for some newcomers. For some international investors, it still is a small market, but looking at return figures, they should have already been here a few years ago.”
