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April 7, 2016

Alecta, Swedish occupational pension manager with approximately $85 billion under management, has retained JLL global Capital Markets experts 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.

“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 Peter Nicoletti, International Director with JLL Capital Markets.

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.

Pictured: 815 Connecticut Avenue NW, Washington, DC

Peter Nicoletti
International Director, JLL Capital Markets

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