OP Pohjola (OP) financial group on Tuesday re-started OP-Public Services Real Estate and OP Rental Yield special common fund subscriptions and redemptions, said the company in a press release.
Subscriptions and redemptions for special common funds managed by OP-Public Services Real Estate and OP-Rental Yield were suspended on 31 December 2024.
The reason for the temporary suspension was the extraordinary situation in the real estate market.
The company decided to re-open the funds due to signs of stabilisation in the market (towards the end of 2025, in particular).
"We concluded a number of real estate deals in late 2025. Our view is that the real estate market has stabilised enough for us to reopen fund subscriptions and redemptions to make it worth while for unitholders. As an asset class, real estate continues to provide a stable cash flow that is protected against inflation, even though the market outlook may look a bit uncertain," said Hanna Porkka, Executive Vice President, Wealth Management at OP Pohjola in the press release.
Redemption orders placed in the second half of 2024 into OP Fund Management Company for special common funds investing in real estate were paid to the investors according to the original schedule in July 2025. Currently the funds have no open orders. It has not been possible to place new subscription or redemption orders since 31 December 2024.
"The professional portfolio management of both funds has continued normally. During 2025, activities related to the funds have included real estate management and leasing, and value calculation, risk management, reporting and accounting as fund management measures. The funds' operational activities remain stable – for example, the residential occupancy rate is still high. From the viewpoint of long-term investors, the real estate market is again a little more attractive," said Juha Takala, Chief Executive Officer of OP Fund Management Company.
Mutual fund legislation will be amended in April 2026, applying to everyone in the business.
The regulative changes require to make greater reference to liquidity management methods in the rules of open-end mutual funds and alternative investment funds.
When the funds are reopened, the company will add the aforementioned liquidity management methods, and make other technical adjustments, to the rules of funds managed by OP-Public Services Real Estate and OP-Rental Yield.
Management fees charged for special common funds managed by OP-Public Services Real Estate and OP-Rental Yield were reduced by half from 1 January 2025.
With the temporary suspension of orders now ending, management fees will return to their normal level on 1 February 2026, the press release added.
- OP
- Real estate
- Fund
Source: www.dailyfinland.fi
