Real estate sought through IPE-Quest mandate
SWITZERLAND - A search has been launched for an investment manager to look after a €10m European real estate mandate, using IPE Quest.
Details of QN881 reveal a Swiss investment consultant is looking for a European real estate manager able to outperform the benchmark by at least 150 basis points annually net of fees, through active stockpicking and country allocation, and either through a listed mutual fund or pooled offering.
Assets will be benchmarked to the EPRA index in euros, and the consultant says interested parties must have a track record and a significant specialisation in this market, with at least five-years performance stated to September 30, 2007.
Maximum cash limit is 20% on the portfolio while use of derivatives is also not allowed.
Deadline for submissions is December 20.