JLL establishes Alternative Real Estate Investments business in Australia

Major trends such as ageing populations, urban density and population growth, housing affordability, technology and Asia’s rapidly growing middle classes give rise to the ‘alternative’ property investment class.

April 18, 2018

AUSTRALIA, 12 March, 2018 – JLL has established its 'Alternative Investments' national business line to cater for the growing demand from investors in 'alternative' real estate investments.  JLL has Alternative Investment teams across Asia Pacific, Europe and Americas offering clients a global perspective on the Alternate markets

CEO of JLL Australia, Stephen Conry said, "We are bolstering our team to help the spread of capital into new frontiers.

"There has been significant growth in the Alternative Investments asset class in recent years and it will continue, across the medical, seniors living and student accommodation sectors, and strong growing interest in Australia more recently in the Build to Rent, self-storage and car parking sectors.

"The ever-growing weight of capital seeking real estate's 'core' sectors is expected to exceed the number of assets available.  Long-term, capital will need new 'alternative' sectors for investment," he said.

JLL's National Alternative Investments team will be led by Noral Wild, who returned to JLL in 2011 to head the firm's Health and Aged Care business. She will now broaden her responsibilities with a focus on Alternative asset classes.  The team provides a full range of real estate services including transactions, consulting and valuations.  Sectors covered by the team nationally includes Seniors Living, Hospitals, Medical Centres, Student Accommodation, Education, Child Care, Data Centres, Renewables and Self Storage.

Mr Conry said, "The growth of this asset class in Australia is aligned to the strong long-term macroeconomic and demographic trends, including ageing populations, urban density, population growth and housing affordability.

"JLL's full service across transactional, consulting and valuations will assist many clients nationally."

Head of Alternative Investments, Noral Wild said, "Following global trends, both institutional and private investors and developers in Australia have been much more actively pursuing real estate opportunities outside of the traditional core sectors of office, retail and industrial over recent years.

"Investor and developer interest in the so called 'alternative' sectors reflects the fact that capital markets have been strong and have resulted in intense competition in the traditional core sectors.

"There is also a growing amount of superannuation money going into real estate, with many funds increasing their allocations, which is expected to result in more competition for core assets and necessitate investors assessing alternative real estate assets," said Ms Wild.

About JLL

JLL (NYSE: JLL) is a leading professional services firm that specializes in real estate and investment management. A Fortune 500 company, JLL helps real estate owners, occupiers and investors achieve their business ambitions. In 2017, JLL had revenue of $7.9 billion and fee revenue of $6.7 billion; managed 4.6 billion square feet, or 423 million square meters; and completed investment sales, acquisitions and finance transactions of approximately $170 billion. At the end of 2017, JLL had nearly 300 corporate offices, operations in over 80 countries and a global workforce of 82,000. As of December 31, 2017, LaSalle had $58.1 billion of real estate assets under management. JLL is the brand name, and a registered trademark, of Jones Lang LaSalle Incorporated.

JLL has over 50 years of experience in Asia Pacific, with over 37,000 employees operating in 96 offices in 16 countries across the region. We were the first global commercial property firm to establish an Australian presence in 1958 and currently employ over 3000 employees throughout our 18 offices across the country. The firm won the 'World's Best' and 'Best in Asia Pacific' International Property Consultancy at the International Property Awards in 2016 and was named number one real estate investment advisory firm in Asia Pacific for the sixth consecutive year by Real Capital Analytics.