News release

JLL has acted as financial adviser to the Swedish Pensions Agency in connection with the announced investment in Heimstaden Bostad

JLL has acted as a financial adviser to the Swedish Pensions Agency in their entry to the real estate sector through the investment in Heimstaden Bostad AB. The advisory included valuation, financial- and corporate research. Under the agreement Heimstaden Bostad receives an investment of SEK 1bn and the Swedish Pension Agency will become partners with industrial owner Heimstaden AB and Swedish institutional investors, Alecta, Folksam Group and Ericsson Pension Fund.

March 18, 2021

The Swedish Pensions Agency manages the portfolio with profits annuity insurance, which is part of the Swedish pension system. The portfolio has SEK 53 billion in assets under management, of which 63% is currently placed in Swedish bonds and 37% in global stocks.

JLL have supported the Swedish Pensions Agency’s internal Due Diligence process valuation, corporate- and financial research advisory.

“We are delighted to have been given the opportunity to act as advisor to the Swedish Pensions Agency with regards to their investment into the residential real estate sector. JLL’s broad network and expertise offered the right skillset to provide and detailed advice supporting the Swedish Pensions Agency in its investment process. Heimstaden Bostad have ambitious growth and sustainability targets creating the basis for good returns which together with a strong credit rating and support from Swedish institutions underpins continued growth opportunities for the company”, says Niclas Höglund Head of Research JLL Sweden.

About JLL

JLL (NYSE: JLL) is a leading professional services firm that specializes in real estate and investment management. JLL shapes the future of real estate for a better world by using the most advanced technology to create rewarding opportunities, amazing spaces and sustainable real estate solutions for our clients, our people and our communities. JLL is a Fortune 500 company with annual revenue of $16.6 billion, operations in over 80 countries and a global workforce of more than 91,000 as of December 31, 2020. JLL is the brand name, and a registered trademark, of Jones Lang LaSalle Incorporated. For further information, visit