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.
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.
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