SWITZERLAND - A Swiss corporate pension fund is looking a manager to handle a $10m (€7.2m) pan-European real estate fund of funds mandate, using IPE Quest.
Monies will be invested in pan-European value added/opportunistic real estate, the investor stated in Quest QN834.
The chosen fund manager will be expected to meet an absolute return target of more than 10%, while assets must be held in non-listed real estate funds or a maximum of 10% in listed real estate.
The firm must have assets of at least $250m in real estate and a minimum track record of two years, although five years is preferable, while performance must be stated net of fees to June 30 2007.
Managers will also need to "demonstrate local strengths in the markets where the investment takes place", said the investor.
Closing date is August 2 2007.