Alecta, a Swedish pension fund with $85B under management, has tapped JLL to sell a massive institutional portfolio in the US and UK.
The portfolio is comprised of 48 office, retail, multifamily and industrial assets, offering investors an opportunity to "deploy a significant amount of capital in safe haven markets across two of the world’s most stable economies,” says Peter Nicoletti, head of JLL’s marketing efforts.
The US portion of the portfolio is mainly in California, the Southwest and Northeast, and spans across all asset classes.
JLL’s president of Americas Capital Markets, Steve Collins, expects the current global economic turmoil to push investors from around the world to Alecta's offering, as it's “in resilient markets with strong underlying fundamentals.”
