REAL ESTATE – A Swiss investment foundation has tendered $100m+ (€78.7m) in global passively managed publicly traded real estate via IPE-Quest.
The search (QN658) says: “The client is looking for a global mandate that will therefore contain REITs and listed real estate companies.
The preferred benchmarks are the FTSE EPRA/NAREIT GLOBAL REAL ESTATE INDEX or the DOW JONES WILSHIRE GLOBAL RESI INDEX.
The size of the mandate will be of approximately USD 100 million initially but it is expected to grow.
The client has no preference regarding the replication technique as far as it expects the manager to invest following a structured and clearly defined process.
Form of investment: segregated mandate, institutional fund. Experience with Swiss pension funds is an advantage, as is a presence in Switzerland.
The closing date is September 25.