Swedish Pension Funds AP1 and AP2 in cooperation with Catella, have decided to create a joint company to invest throughout Europe in Real Estate. The aim is to establish long-term ownership of properties throughout Europe for both funds.
Johan Magnusson, managing director of First National Pension Fund, commented in the company press release: ‘’The property investment can provide a good yield with consideration to the risk. For us as a long-term investors, this is an interesting possibility to complement our other real estate investments in Sweden and worldwide with carefully chosen properties in Europe. We can in this way quickly and cost effectively build up a real estate in their investment can exploit knowledge of local markets."
Eva Halvarsson, CEO of the Second AP Fund, also commented about the joint venture: ‘’Through this company, we now complement our existing real estate investments in Sweden, Denmark and Germany with the reinforcement of European stocks. This will help strengthen the Fund's overall investment approach and is expected to provide a good and steady returns over time. The form of cooperation that we have chosen gives us a customized investment solution which is based on our shared vision of sustainability and the need for a cost-effective management. "
As well as the CEO of Catella AB Johan Ericsson,’’ Initiative of the First and Second AP Fund is an example of a new form of direct investment in property abroad. Combining institutional capacity and financial skills with Catella's market knowledge and market presence aimed at building long-term values. We are proud of the confidence of First and Second AP Fund has shown Catella through this mission."
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