Alecta Investment Management are transferring the management of their real estate portfolio
in France to Cushman & Wakefield Investors. The
portfolio comprises 12 office and warehouse assets located in provincial cities including Lyon,
Bordeaux and Toulouse.
David Rendall, European CEO comments, "we are delighted to have won this mandate which
has real opportunity for enhancement of the portfolio through active asset management.
We see a lot of potential on a selective basis in regional France, notably to benefit from
lower volatility at attractive prices."
Alecta is a large Swedish institutional investor with assets under management of over 40
billion Euros, of which about 7 per cent is invested in real estate, mostly in Sweden, the USA,
the Netherlands and the UK.