NETHERLANDS – A Dutch industry-wide pension fund has tendered a c.€75m euro zone real estate mandate via IPE-Quest.

The search (QN676) states: "The client is looking for a manager for an active (low risk) real estate mandate. The tracking error is set at a maximum of 2%. The benchmark is either GPR or EPRA (no UK). The mandate will be around €75m. Either pooled or segregated." The closing date is November 30.

Quest Details:

Investor Type : Industry-Wide Pension Fund

The following criteria have been supplied by the investor:-

Mandate : Real Estate Eurozone

Size : $100m

Style : Core

Process : Active

Benchmark : GPR or EPRA Eurozone benchmark (no UK)

Min. AUM for mandate : $250m

Min. AUM for firm : $1,000m

TE guidelines (Min Te) : none

TE guidelines (Max Te) : 2.0%

Absolute Min Track Record : 2 years

Preferred Min Track Record : 2 years

State Performance To : 30-09-2006

Performance Data should be supplied : Net of Fees