Subscriptions and redemptions for special common funds managed by OP-Public Services Real Estate and OP-Rental Yield were suspended on 31 December 2024, to protect the interests of unitholders. The reason for the temporary suspension was the extraordinary situation in the real estate market. Due to signs of stabilisation in the market (towards the end of 2025, in particular), we can reopen the funds.
Concrete signs of recovery in the real estate market
We have executed several real estate trades in the second half of 2025, in which the property concerned traded at a price reflecting its underlying value.
"Professional portfolio management of the funds has continued normally throughout the suspension. Operational activities remain stable – for example, the residential occupancy rate is still high. Once again, the outlook on the real estate market is sparking greater interest among long-term investors and our customers are showing increasing willingness to invest in real estate funds. Trading on the real estate market has picked up, occupancy rates have remained high and we believe that the market is moving towards a new normal," says Juha Takala, CEO of OP Fund Management Company.
We take the view that, as an asset class, real estate still offers a steady and inflation-proof cash flow for investors with a long investment horizon.
Fund subscriptions and redemptions
You can subscribe fund units from 20 January; the first subscriptions will be confirmed at net asset value on 31 March 2026. Fund units can be redeemed in accordance with the fund rules in the period 20 January–30 June 2026, based on which they will be confirmed at net asset value on 31 December 2026 and paid out on the normal schedule in January 2027. After the first subscription and redemption period, orders will be executed normally, as stated in the fund rules.
Management fees charged for special common funds managed by OP-Public Services Real Estate and OP-Rental Yield were reduced by half from 1 January 2025. With the temporary suspension of orders now ending, management fees will return to their normal level on 1 February 2026.
Mutual fund legislation will be amended in April 2026
The regulative changes require us to make greater reference to liquidity management methods in the rules of open-end mutual funds and alternative investment funds. When the funds are reopened, we will add the aforementioned liquidity management methods, and make other technical adjustments, to the rules of funds managed by OP-Public Services Real Estate and OP-Rental Yield. The new fund rules will take effect on 20 February 2026. The rules will be available on the op.fi service's Funds page from 20 January 2026.
Go to the Funds page
We would like to thank our mutual fund unitholders for taking the long view and understanding the exceptional market conditions and the reasons for the funds' suspension. Further information on the reopening of the funds and portfolio managers' latest market reviews are available on our website.
More information
OP-Rental Yield special common fund
OP Public Services Real Estate special common fund
Concrete signs of recovery in the real estate market | OP Media (in Finnish)