mast image

Impact Investing

IPE special report May 2018


Finland’s Ilmarinen taps Aberdeen for property

Related Categories

FINLAND – Finnish pension insurer Ilmarinen has appointed Aberdeen Property Investors to manage an international indirect investment property portfolio.

Ilmarinen, which has total assets of around 14.5 billion euros, already has an existing direct property portfolio of around 2.4 billion euros invested in Finland. Explaining the decision to move into international property, Timo Kankuri, head of real estate at Ilmarinen, says: “We already have diversified exposure to other international investment asset classes, so investing internationally in property is a natural progression for us.”

Investments will initially be made in unlisted property funds and other appropriate forms of indirect property investment products.

Tomas Otterud, fund manager at Aberdeen Property Investors Nordic, commented: “This is an important step forward for Ilmarinen but also for Nordic region investors, who are increasingly looking to diversify outside of their own domestic market.”

Have your say

You must sign in to make a comment


Your first step in manager selection...

IPE Quest is a manager search facility that connects institutional investors and asset managers.

  • QN-2435

    Asset class: CLOs.
    Asset region: Global.
    Size: USD 50m.
    Closing date: 2018-05-22.

  • QN-2436

    Asset class: Real Estate - Core Open-ended Real Estate Equity Fund (non-listed).
    Asset region: Asia Pacific.
    Size: Approx. CHF 70-100m per investment.
    Closing date: 2018-05-25.

  • QN-2438

    Asset class: High Yield Bonds.
    Asset region: US.
    Size: USD 300 million.
    Closing date: 2018-05-25.

Begin Your Search Here