Alecta sets up real estate subsidiary to manage domestic properties
Sweden's biggest pension fund lets new subsidiary manage domestic real estate investments and hires CEO of ICA Real Estate to front the spinoff.
In order to boost scalability and minimize fees, Sweden's biggest pension fund Alecta is setting up a separate company for its domestic property investments. Also, the new company will later bring some of Alecta's outsourced property management back in-house, reports investors' newssite Ipe.com.
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