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London, 4th February 2015 - Alternative property investment is in line to join mainstream real estate investment making it the new ‘fifth asset class’ in the property sector according to global commercial real estate firm JLL. The firm made these comments today, as it announces the repositioning of their alternative capabilities with a dedicated team of specialists, a first in the UK market currently worth £12 billion.
The move is in response to a significant shift in the property market where transactions related to ‘Alternatives’ have grown by 140 per cent since 2010. They will continue to grow a further 65 per cent until 2019, representing 30 per cent of all commercial property transactions in the UK.
Ollie Saunders will lead the new Alternatives division which will work with 125 sector specialists including Corporate Finance and Hotels & Hospitality. JLL first recognised the importance of alternative investments when the firm began offering hotel advisory services in the early 1980s and JLL’s Hotel & Hospitality Group is now the global market leader with 300 staff worldwide. Chris Ireland, UK Chairman and Lead Director, UK Capital Markets at JLL, said: “The launch of the team under a dedicated leadership is a response to the changing and buoyant alternatives market. JLL has developed a position with sector experts, working alongside investment, corporate finance and valuation professionals and currently has £1.5 billion of alternatives transactions under offer.” Commenting on the launch of the new division, Ollie Saunders, Lead Director, Alternatives at JLL, said: “The market now views ‘Alternatives’ as the fifth asset class in real estate. There are significant flows of capital being allocated to this from both UK and international investors. It gives exposure to maturing markets with robust returns when compared to office investment, industrial, retail and residential.
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