UK pension fund invests SEK billions in leading Swedish real estate firm

A sizeable investment from a major UK-based pension fund will partly finance Heimstaden’s bond buy back of more than SEK 10bn.

The Greater Manchester Pension Fund has invested a sizeable amount in the Swedish real estate firm, Heimstaden. | Photo: Pexels / Mylo Kaye

by KIM WIESENER

One of Sweden’s largest real estate firms, Heimstaden Bostad, has raised SEK 3.337bn (EUR 299m) in new equity from UK-based Greater Manchester Pension Fund (GMPF) and existing shareholders.

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UK pension fund invests SEK billions in leading Swedish real estate firm

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Further reading

World's best EMD team still waiting for clients to return to Danske AM

Invesco seeing increased demand for Fixed income ETFs from Nordic investors

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Storeband increases stake in Danish infrastructure manager to become majority owner

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Nordic Alpha Partners reels in international investment giants for second fund

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Expansion of Nordic team has paid off: Inflows to all core products for US manager