SWEDEN - AP1 and AP2, two of Sweden's national buffer funds, have unveiled their expected real-estate investment company Cityhold Property, which will focus on European property investments.

The company will be managed in cooperation with Catella, the Swedish real-estate specialists, which will assist Cityhold with resources and competence over a contract spanning several years.

Cityhold will focus on long-term investments in commercial property in major European cities.

Per Sjöberg has been appointed chief executive and joins from his own property firm, Reiton. He was previously chief executive at CLS Holdings in London.

Andrew Smith has joined as CIO, while Sir Julian Berney will serve as the asset manager based in London. Christophe Murciani will have a similar role in Paris. Robb Simpson joins as investment analyst.

The recruitment process for a number of other key positions - including one for the German market - is still underway.