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News release

NEW YORK and LONDON

Sweden’s Largest Pension Fund Brings Global Portfolio to Market

Portfolio features diverse “best-in-class” assets across both United States and United Kingdom


NEW YORK and LONDON, April 6, 2016 – JLL’s Global Capital Markets experts have been retained by Alecta, a Swedish occupational pension manager with approximately $85 billion under management, to market a global office, retail, multifamily and industrial portfolio for sale. The institutional-grade portfolio is comprised of 48 assets across the United States and United Kingdom, featuring best-in-class assets with exceptional diversity in terms of class, lease maturity and geography.
 
International Director Peter Nicoletti is leading the JLL team’s marketing efforts.
 
“A portfolio of this scale, which features exceptional tenancy and world-class diversity, offers investors an opportunity to deploy a significant amount of capital in safe haven markets across two of the world’s most stable economies,” said Nicoletti.
 
JLL’s President of Americas Capital Markets, Steve Collins, added, “With current economic instability, the portfolio offers a significant concentration of properties located in resilient markets with strong underlying fundamentals. We expect to see a significant amount of interest from investors across the globe on this offering.”
 
In the United States, the portfolio is comprised of office, grocery-anchored and high street retail, multifamily and industrial properties located primarily in California, the Southwest and Northeast. In the United Kingdom the portfolio includes industrial, office, big box and high street retail located in and around London.

“Our foreign operations have been extremely successful in consistently generating above average returns but they have always been a bit of an organizational anomaly in our streamlined business which prioritizes economies of scale within our investment strategy,” said Per Frennberg, Chief Investment Officer of Alecta. “The current strong demand for global real estate offers a good opportunity for us to take yet another step in our development towards our vision, to be the most efficient occupational pension fund in the world.”

“Portfolio sale volumes are expected to trend upward in the year ahead as investors seek opportunities for an immediate global footprint. This portfolio offers them a unique position to do just that, while also capturing strong, consistent returns substantially ahead of their competitive sets,” concluded Nicoletti.

JLL Capital Markets is a full-service global provider of capital solutions for real estate investors and occupiers. The firm’s in-depth local market and global investor knowledge delivers the best-in-class solutions for clients — whether a sale, financing, repositioning, advisory or recapitalization execution. In 2015 alone, JLL Capital Markets completed $140 billion in investment sale and debt and equity transactions globally. The firm’s Capital Markets team comprises more than 2,000 specialists, operating all over the globe.

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About JLL
JLL (NYSE: JLL) is a professional services and investment management firm offering specialized real estate services to clients seeking increased value by owning, occupying and investing in real estate. A Fortune 500 company with annual fee revenue of $5.2 billion and gross revenue of $6.0 billion, JLL has more than 230 corporate offices, operates in more than 80 countries and has a global workforce of more than 60,000. On behalf of its clients, the firm provides management and real estate outsourcing services for a property portfolio of 4.0 billion square feet, or 372 million square meters, and completed $138 billion in sales, acquisitions and finance transactions in 2015. Its investment management business, LaSalle Investment Management, has $56.4 billion of real estate assets under management. JLL is the brand name, and a registered trademark, of Jones Lang LaSalle Incorporated. For further information, visit www.jll.com.
 
About Alecta
Alecta was founded in 1917 and manages collectively agreed occupational pensions to 2.1 million private customers and 33,000 corporate customers, mainly in the private officials' pension plan ITP. The company is mutual, owned by its customers, and currently manages approximately $85 billion. Alecta sells no funds, pay no commissions, and has no branch network, but focuses entirely on delivering collective agreement with a world-class cost efficiency.