JLL to Market 48-Asset Portfolio for Swedish Investment Fund

By Keith Loria, Contributing Editor

Peter Nicoletti, JLL

Chicago—Alecta has retained JLL’s Global Capital Markets team to help market a 48-asset global office, retail, multifamily and industrial portfolio across the United States and United Kingdom.

“The Alecta portfolio offers ‘critical mass’ featuring exceptional diversity in terms of asset class, lease maturity and geography,” Peter Nicoletti, executive managing director of JLL’s Capital Markets group, told Commercial Property Executive. “It’s also comprised of a high concentration of institutional-grade tenants that provide significant security of cash flow in two of the most highly transparent markets in the world.”

The properties in the U.S. portfolio consists of office, grocery-anchored and high-street retail, multifamily and industrial properties located primarily in California, the Southwest and Northeast. Meanwhile, in the United Kingdom the portfolio includes industrial, office, big box and high-street retail located in and around London.

According to recent JLL marketing studies, portfolio sale volumes are expected to trend upward in 2016 as investors seek opportunities for an immediate global footprint. Therefore, Nicoletti said, this portfolio offers investors a unique position to do just that, while also capturing strong, consistent returns substantially ahead of their competitive sets.

“In a time of global economic uncertainty, investors tend to retrench in core economics,” Nicoletti said. “The Alecta Portfolio of the U.S. and UK exclusive assets will speak to both institutional and international buyers who are highly motivated to deploy significant capital in safe haven markets. Given the scale of the portfolio, we also expect investors to be able to access aggressively priced financing, allowing them to harness yield.”

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