Invesco Real Estate and Fokus Nordic target Finnish residential sector in new partnership

Press Release

For trade press only

London/Helsinki, September 2025 – Invesco Real Estate (IRE), the global real estate investment business of Invesco Ltd (NYSE: IVZ), and Fokus Nordic, a leading Nordic real estate investment firm, today announce a new partnership to invest in high-quality residential properties across key urban markets in Finland for the first time.

Fokus Nordic has served as a local partner to IRE in the Nordics since 2008, when the latter first entered the region’s real estate markets. To date, the partnership has focused primarily on the commercial real estate sectors, transacting more than €1.4 billion across 18 transactions. Notable projects include the successful transformation of the ‘Fenix Sthlm’ office property in Stockholm into a high-quality mixed-use development.

The new partnership will initially target the acquisition and long-term management of modern rental housing in Finland’s Helsinki, Tampere and Turku affluent sub-markets.

IRE is making this commitment based on the strong fundamentals of the Finnish market: the Finnish economy exhibited more stable performance than most other European nations during the recent period uncertainty , while historical evidence suggests that the Finnish market has a more constant GDP output with reduced peaks and troughs.

“Our Nordic residential investments are currently €390 million, circa 13% of our total residential portfolio, with 891 units across eight investments across Denmark. It is the second largest market across our resi portfolio,” says John German, Managing Director and Head of Living Investments in Europe at Invesco Real Estate.

“The launch of this new partnership into the Finnish residential sector underscores our commitment to expand our presence across the Nordic residential markets and allows us to leverage Fokus Nordic’s extensive local market expertise and operational capabilities in Finland. The residential sector offers compelling investment opportunities for our international and European investors, driven by urbanisation trends and a strong demand for quality rental housing.”

“We are very proud of our long-lasting, and successful, co-operation with Invesco Real Estate and are grateful for the trust placed in us. We look forward to assisting the firm in implementing its local residential investment strategy and hope to make additional announcements before the end of 2025,” says Tonny Nielsen, Group CEO and Partner at Fokus Nordic.

IRE has been successfully investing in Europe’s residential investment sector since 2013. To date, the firm has invested circa €4.1 billion into 72 investments, with current residential assets under management at circa €3 billon across 42 investments in nine countries.

German at Invesco Real Estate adds: “Unlike other European residential markets, Finland has an unregulated residential rental market. There are no rental caps, which means that open market forces determine rental levels, it benefits from transparent ownership structures and there is increasing international investor participation. Asset yields have softened from 2022 peaks and now appear to have stabilised which makes market timing attractive in our view.”

Media contact – for more information:

Citigate Hugh Fasken
CDR Consultancy
hugh.fasken@cdrconsultancy.com
+44 (0) 7986 950 489

Fokus Nordic:
Sanna Puhakainen, Managing Director, Finland
sanna.puhakainen@fokusnordic.com
+358 50 590 0599

Anna-Maria Kowalik, Senior Investment Manager
anna-maria.kowalik@fokusnordic.com
+358 40 168 4801

About Invesco Ltd.

Invesco is a global independent investment management firm dedicated to delivering an investment experience that helps people get more out of life. Our distinctive investment teams deliver a comprehensive range of active, passive and alternative investment capabilities. With offices in more than 20 countries, Invesco managed $2 trillion in assets on behalf of clients worldwide as of March 31, 2025. For more information, visit invesco.com/corporate.

About Invesco Private Markets

Invesco has global expertise and strong capabilities in private markets. With a global platform of US$132bnbn of assets under management in real estate and private credit, we offer both scale and depth of expertise with over 725 investment professionals across 16 countries and over 40 years of innovative experience to our investors as of 31 March 2025.

About Invesco Real Estate

Invesco Real Estate is a global leader in the real estate investment management business with US$84.4bn in real estate assets under management, 605 employees and 21 regional offices across the U.S., Europe and Asia. Invesco Real Estate has a 40-year investment history and has been actively investing across the risk-return spectrum, from core to opportunistic, in equity and debt real estate strategies, and in direct and listed real estate for its c. 450 institutional client relationships during this time. In Europe, Invesco Real Estate has eight offices in London, Munich, Milan, Madrid, Paris, Prague, Luxembourg and Warsaw, with 187 employees. It manages 205 assets across 14 European countries and with assets under management of US$16.5bn. The team has a strong track record across all the commercial sectors, hotels and living sectors as of 31 March 2025

About Fokus Nordic

Fokus Nordic provides professional advisory services within real estate investments to both Nordic and international investors. As one of the leading asset and investment managers in the Nordics, Fokus Nordic optimises the process of investing in and managing properties, maximizing value for our clients. Across the Nordics we have more than 9bn EUR assets under management (AuM). We are well positioned in both Core, Core+, value-add investment strategies and our scale and extensive real estate know-how allow us to provide end-to-end solutions.
We integrate sustainability into our core activities. As an example, we adhere to the six principles for responsible investments as a signatory of the United Nations Principles for Responsible Investment. For further information, please visit fokusnordic.com

 

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This document is issued in Austria, Belgium, Denmark, France, Finland, Germany, Italy, The Netherlands, Spain, Sweden, UK, Switzerland by:
• Invesco Real Estate Management S.a.r.l., President Building, 37A Avenue JF Kennedy, L – 1855 Luxembourg, regulated by the Commission de Surveillance du Secteur Financier, Luxembourg
• Invesco Asset Management (Schweiz) AG, Talacker 34, CH-8001 Zurich
• Invesco Asset Management Limited, Perpetual Park, Perpetual Park Drive, Henley-on-Thames, Oxfordshire RG9 1HH, UK. Authorised and regulated by the Financial Conduct Authority.

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