OP Pohjola is opening two of its real estate funds for redemption, according to the Finnish financial giant.
Many small-time investors have been waiting for such an announcement, as the bank had suspended investor cash-outs of real estate funds more than a year ago, due to weak sales in the sector.
OP was among a number of banks that suspended redemptions of real estate funds.
According to OP, it is now able to redeem the funds due to glimpses of recovery in the real estate market.
OP said that its Public Services Real Estate Fund and Rental Yield Fund would be opened for redemption on Tuesday.
"We see that the real estate market situation has now stabilised to the point where we can start fund subscriptions and redemptions," OP said in a press release.
