Bayerische Versorgungskammer (BVK), Germany鈥檚 largest pension scheme group, has given CapMan Real Estate 鈧�400m to invest in the Nordic residential markets.
CapMan will help the 鈧�62bn investor increase its exposure to housing in Sweden, Denmark, Finland and Norway.
The Helsinki-headquartered manager, which specialises in Nordic markets, has already been sourcing Nordic residential investments for BVK. In April, it helped BVK .
BVK has been focusing on real estate strategies specific to individual sectors and regions in recent months.
, Norman Fackelmann, head of real estate investment management at BVK, told 麻豆映画 Real Estate: 鈥淚nvestors have to diversify as much as possible and, for us, the size is a definite advantage as we can screen different markets at the same time.鈥�
Nigel Pedroz, partner at CapMan, said: 鈥淭he largest Nordic cities are experiencing significant population growth, and the residential sector offers reliable income with upside potential.
鈥漌e anticipate increasing demand from international investors attracted to the strong economies and the stability of the region.鈥�
CapMan said it will receive an annual advisory fee and a performance fee on the mandate.
