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- Nordics Property Breakfast
31 May 2012
Frankfurt am Main, Germany
Upcoming Events
- Property Debt Breakfast
20 June 2012
London
Finland's Pohjola launches first international real estate fund of funds
Finland's Pohjola Asset Management, part of the private Pohjola banking group, is launching a real estate fund of funds targeted mainly at commercial property outside Finland and a return on equity of over 9%. In a first stage, five Finnish institutions have invested e65m. The ultimate equity target is set at e100m, with final closing in spring. Pohjola's Mikko Koskimies said most Finnish real estate investors operate only domestically but need to diversify to capitalise on price movements internationally. (See upcoming PIE/PFE editions for full story)