Seven Finnish real estate funds freeze redemptions amid market downturn

Investors in Finland face a rare and unsettling scenario as seven real estate funds have suspended or restricted redemptions and subscriptions due to a struggling property market. These measures, enacted by six major banks and investment firms, prevent fundholders from withdrawing their money or making new investments.

The most significant closures include OP-Rahastoyhtiö’s OP-Vuokratuotto and OP-Palvelukiinteistöt funds, which together represent over 50,000 investors.