The SEK 83.3 billion insurance company plans to allocate between EUR 200 million and EUR 300 million per year over the next four years in order to reach its target allocation to the asset class of 8-12%. Its investments in the next 12 months will be targeting direct real estate, and the insurance company is unlikely to commit to private real estate funds during this period. However, it will not rule out fund commitments if an attractive opportunity arises. It feels that its future international real estate fund commitments will be orientated towards Asia in the long term as SPP is optimistic about the growth prospects of this region.
The information in this blog is taken from Preqin’s Real Estate Online product, which has profiles for over 180 insurance companies with an active interest in real estate.