FRANCE - The €12bn public pension fund for French civil servants (ERAFP) is looking to award two real estate investment mandates for a period of 10 years.
The first mandate will invest mainly in French unlisted real estate, while the second will focus on European unlisted properties.
Investments within the French mandate could reach as much as €310m over the first three years of the mandate, being made mainly in the office, retail and residential sectors.
Lot 1 will be allocated to three mandate holders, with two being on a standby basis.
For the European mandate, investments can be made in France, but they must not be prioritised or make up the majority of the portfolio, ERAFP said.
This mandate will be in the region of €350m over the first three years and be allocated to three mandate holders, with two being on a standby basis.
Both mandates will align with the pension fund's socially responsible investing criteria, ERAFP said.
A copy of the tender document can be found here.