In accordance with the real estate investment strategy of the Seafarers’ Pension Fund, the pension fund aims in the long term to diversify real estate investments outside of Finland and to primarily transition to indirect real estate investments. In June 2024, the first transaction of this type was completed, where three housing companies owned by the pension fund in the Helsinki metropolitan area (Helsingin Merilokki, Helsingin Merikotka, and Vantaan Kippari) were transferred to the ownership of the Swedish Slättö Core+ real estate fund, and the Seafarers’ Pension Fund correspondingly subscribed to shares in the mentioned real estate fund.
Through this transaction, we make our first real estate investments in the Stockholm area. The deal also increases the portfolio’s diversification by property type, says CIO Sauli Hämäläinen.
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