The intention is to invest EUR 300M in European real estate over the next three to four years with an initial commitment of EUR 100M. Investments will mainly be in non-listed funds but may include joint ventures and co-investments.

Folksam is a longstanding client of Aberdeen Standard Investments’ Real Estate Multi-Manager business. The launch of AIPP Folksam Europe II represents an extension of the long term relationship between the two parties.

“We will continue to source attractive opportunities with a low risk profile. Once fully invested, the portfolio will be well diversified across European markets, sectors, managers and strategies,” says Lars Graneld, Senior Investment Specialist, Real Estate.

 “We have been very pleased working with Aberdeen Standard Investments for more than a decade and we expect their prudent and well proven investment process to continue to deliver stable returns,” says Michael Kjeller, CIO for the Folksam Group.