A family office is searching for a manager for a €100m mandate via IPE Quest Discovery.

According to search DS-2369, the German investor is targeting core real estate and is open to different market sectors.

The mandate is for Europe excluding the UK, although the family office has expressed a preference for property in Germany, Switzerland and Austria.

The return target is in the 5-8% range, depending on the city and tenants involved in each asset.

The allocation is to be held in a separate account and can be for either listed or unlisted property.

The closing date for submissions is 6 November, 5pm UK time.

The IPE Real Assets news team is unable to answer any further questions about IPE Quest, Discovery, or Innovation tender notices to protect the interests of clients conducting the search. To obtain information directly from IPE Quest, please contact Jayna Vishram on +44 (0) 20 3465 9330 or email jayna.vishram@ipe-quest.com.