Finnish investment fund to avoid London real estate market
The $57 billion Finland-based Ilmarinen Mutual Pension Insurance Co. said it will not invest in the London real estate market due to Brexit, according to Bloomberg
Mikko Mursula, the head of investments at Ilmarinen Mutual Pension Insurance Co., described the market as having “too many uncertainties. We really don’t know what will be the political outcome, what will be the real outcome at the general agreement level.”
The fund’s real estate portfolio totals 15 percent of total assets under management.
