14.03.2013 - Finnish institutional investors' international real estate fund of funds launched
A real estate fund of funds set up by Pohjola Property Management Ltd called Real Estate Debt and Secondaries Ky (REDS) has accumulated EUR 100 million at the first closing. The funds will be invested in international real estate funds' secondary interests, real estate loan funds and other investment instruments that specifically utilise the real estate market situation. According to Markku Makiaho, Managing Director of Pohjola Property Management Ltd, the fact that REDS was set up is a sign of a gradual change in the market situation. "Finnish institutions are again prepared to invest in foreign real estate through funds and other indirect investment instruments," says Mr Makiaho........................................Full Article: Source
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