- The gross asset value (GAV) of special investment funds investing in built properties and land plots declined to €9.0 billion at the end of 2025 (2024: €9.7bn), driven by property sales used to finance redemptions as well as a slight decrease in property values.
- In Finland’s professional real estate investment market, transaction volume doubled from the previous year and reached €4.4 billion.
- Special investment funds remained net sellers in the property market, representing 11% of sellers but only 2% of buyers. Their 12-month rolling total return was -0.5%, consisting of a 2 percent profit share and a -2.4 percent change in the value of fund units. Valuations stabilized in the second half of the year, with an average H2 change in value of 0.0%.
The review, created in collaboration with special investment fund managers, KTI and Rakli, aims to increase transparency and improve comparability among special investment funds investing in real estate.
Read more from the newly published review. You can order the review below free of charge.
KTI Special Investment Funds Review Spring 2026
More information:
Kati Paatela, Director, Client Coverage and Service Concepts
kati.paatela@kti.fi
+358 44 571 6671
