AMF, one of the largest pension funds in Sweden, is turning to development as a way of increasing its exposure to real estate amid the current dearth of suitable investment assets in its main market Stockholm. AFM aims to boost its investments in property to between 10% and 15% of its overall EUR 41 bn portfolio from 8% at present but the lack of suitable standing assets is limiting its ability to grow by acquisition, Mats Hederos, head of property at AMF Fastigheter, told PropertyEU.
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