Real Estate

Real estate
Real estate has qualities in between equities and bonds. Most real estate investments have good protection against inflation in the long term.

Första AP-fonden’s strategy is to increase the share of real estate investments both in Sweden and abroad. Real estate investments are primarily based on running return from rent payments and only to a slight extent on investments, with expected appreciation in value being the most important component.

Första AP-fonden’s real estate investments consist mainly of the partly owned Vasakronan, which invests in properties in selected Swedish growth regions, the wholly owned real estate company Willhem, which invests in residential properties in Sweden, and the 50 per cent-owned company Cityhold Property, which invests in commercial properties in a selection of major European cities.

The Fund also pursues other international real estate investments through investments in unlisted real estate companies and funds.