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
