IPE-QUEST: Dutch fund tenders real estate
NETHERLANDS – A Dutch pension fund has tendered up to €500m in Asian and European real estate via IPE-Quest.
The fund expects to invest up to €250m into Asia (including Japan) and up to €250m in Europea during 2006 via pooled indirect investment vehicles. It will invest in blocks of €30-50m per vehicle.
Managers should have approximately €200m already under management within the vehicle. There are no specific out-performance targets.
There are two briefs: QN573 (Asia) and QN566 (Europe). The closing date is February 14.