Investors to award European property and infrastructure mandates

An unnamed investor based in the United Arab Emirates (UAE) plans to award a €10m European property investment mandate, via an IPE Quest search.

According to search QN-2394, the investor is looking to allocate capital to core European real estate, preferring income-generating real estate funds or club deals.

The asset owner said it favoured industrial property, but would also consider offices and multifamily residential.

The final closing date for responses is 4 January 2018, at 5pm UK time.

Another unnamed investor is using IPE Quest’s Discovery service to research a possible investment in a diversified infrastructure fund focusing mainly on Europe.

Sweco Capital Consultants posted the enquiry on IPE Quest on behalf of a client.

Sweco said the asset owner expected to invest between €20m and €30m and aimed to make the commitment at the end of the second quarter or during the third quarter of next year.

According to search DS-2392, the investment selection procedure would begin with managers completing a questionnaire with a view to forming an initial list.

Criteria include a European focus, and a minimum of €250m in the fund, or at least 10 assets.

The net target return should be 10%, and the fund should have a lifetime of at least 10 years.

The investor wants an equity-only, non-listed portfolio, denominated in euros, US dollars and/or sterling.

A short list of one to three funds would be invited to present to the asset owner in the Netherlands on 14 February next year, SCC said.

The closing date for responses is 21 December, at 5pm UK time.

The Discovery service is a pre-RFI tool allowing institutional asset owners to make a preliminary search for managers active in a particular asset class or region.

The IPE 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.