GERMANY – A German pension fund is looking for a real estate manager via IPE-Quest.

The search for a manager is being conducted by investment consultant Kottman Advisory on behalf of a German pension fund client.

A tender has been put on IPE-Quest’s website for a 100 million-euro pan-European real estate/property brief.

The mandate is to be managed on an active basis, in a segregated vehicle. The benchmark cited is the CGEI BMI Europe Property (RI).

Return target is given as 200 basis points above the index, with a maximum tracking error of 750 basis points. Managers must show special experience in this area with a track record of at least three years.

The closing date for applications is November 26 2003.

Further details of the mandate, including how to apply, can be found on, where there are currently seven live mandates – two of which close today.