Alecta nears exit from Heimstaden Bostad, swapping stake for 50,000 apartments

Alecta, Sweden's largest pension fund, is reportedly in advanced negotiations to exit its troubled investment in Heimstaden Bostad, exchanging its ownership stake for nearly 50,000 apartments. The deal, reported by Green Street News, would resolve years of disputes with Norwegian billionaire Ivar Tollefsen. This marks a significant unwinding of a major real estate exposure that has weighed on Alecta's portfolio.