In the last few years, the Fund has expanded within real estate – a strategic asset class. The Fund has chosen the strategy of directly owning property companies, because this is deemed to be the most cost-effective and transparent method, thus providing a better expected return.
AP4's investment in real estate mainly comprises the investments in Vasakronan (25% owned) and Rikshem (50% owned). Besides Vasakronan and Rikshem, the Fund owns 15% of the property company Hemfosa.
Return in the first six months was 5.7% (13.3).
The Fund made a further investment in Rikshem in the period. An investment was also made in real estate company ASE Holdings.