Folksam and Aberdeen to Launch New EUR 300M Fund

Nordic The Folksam Group, one of the largest insurance companies in Sweden, and Aberdeen Standard Investments has announced the launch and first close of AIPP Folksam Europe II, a real estate fund of funds open only for investors from the Folksam Group.

2018-05-04

Share via e-mail

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.




Maria Olsson Äärlaht
maria@nordicpropertynews.com




Nordic Cities in Growth Peak

Nordic CBRE's Head of Research Amanda Welander on the foreign interest in Gothenburg, what to look out for in 2019 and which cities in the Nordic countries are some of the top fastest growing in Europe.

Hemsö Owners Provide SEK 1 billion in Equity

Nordic Hemsö increased its equity in January 2019 by SEK 1 billion through shareholder contributions from the company’s owners, the Third Swedish National Pension Fund (AP 3) and AB Sagax. Participating interests in Hemsö were not impacted by the new capital.

"The Norwegian Market is Ahead of the Swedish"

Nordic Carl Zetterqvist at Scandinavian Property Group on the year that exceeded expectations, how the Scandinavian countries differ on the housing market and whether SPG will return to Denmark or not.

The Battle of the Towers: The Nordic Countries are Fighting for the Throne

Nordic Nordic Property News lists the highest buildings in the Nordic region – soon the leader will be dropped from the top 3.

After the Success – Thon Tackles the E-Commerce Threat

Nordic CEO Hallgeir Åndal on why they succeed in Sweden and the challenges for Thon's shopping centers in the Nordic countries. "We are restructuring to a great extent."

"We Will See More Korean Approach to the Nordic Markets"

Nordic South Korean AIP Asset Management made their Nordic entry with a bang – acquiring a 50,000 sqm office building in Copenhagen for EUR 160M. CEO Danny Kim tells Nordic Property News of the investment, when AIP would like to have the next acquisition in the books, potential local partners for the other Nordic markets and why he thinks we will see more Korean investors approach the Nordics going forward.

Foreign Interest Behind Strong Transaction Volume

Nordic The Nordic transaction market is close to a record listing in 2018 – driven by major transactions and foreign interest. Mikael Söderlundh, Head of Research and Partner at Pangea, tells Nordic Property News about the big foreign interest, which segments are hot and what the developments looks like in 2019.

"We Are Definitely Interested in More Acquisitions"

Nordic Following Catalyst Capitals' Swedish entry, Björn Hallin, from the company's operating partner, NCAP, tells Nordic Property News about the acquisition and the pan-European investor's future in the Nordics.

The Largest Nordic Transactions in 2018

Nordic The Nordic countries saw an eventful 2018 filled with major transactions and company buyouts. Nordic Property News has listed the largest transactions of the past year.

“Hot Investment Trend in 2019 As Well”

Nordic Vonovia bought Victoria Park, EQT Partners made a bid for Stendörren, and Klövern bought both Tobin and Agora – corporate acquisitions have become a trend. Mikael Söderlundh, Head of Research and Partner at Pangea, tells Nordic Property News why the trend will continue in 2019.