Swedish pension fund Alecta has completed its previously announced plans to divest investments outside its home country and close all of its foreign offices.
The Swedish pension fund manager will invest in properties outside Sweden indirectly through equity participation in companies and funds.
The plans to sell its direct property investments outside its home county were announced in late 2016.
In October 2016, Alecta completed the sale of its U.K. real estate portfolio. Goldman Sachs bought the portfolio of 26 properties for £350 million ($465 million). The portfolio includes industrial, office, big-box and high-street retail located in and around London.
Earlier this year, Alecta sold 21 assets in the United States to Blackstone for $1.7 billion. The portfolio included about 3 million square feet of office, retail, multifamily and industrial properties located primarily in California, as well as states in the Southwest and Northeast.
