Finnish investor targets Swedish property for first time

Finnish institutional investor Keva has announced plans to invest in foreign real for the first time, with Sweden at the top of its list.

Keva, which manages local government, state and church pensions in Finland, currently has 7 per cent (€45.2bn) of its investments in domestic real estate. A third of that is in the office sector, followed by retail (25 per cent) and residential (25 per cent) assets.

Now, though, it will look to other Nordic countries for investment opportunities, highlighting Swedish real estate as “a good diversification” to its holdings. HEA Property Partner, its chosen partner in Sweden, will manage and develop any assets it acquires.