ERAFP seeks RE managers

The French public pension scheme calls for tenders to seek three real estate asset managers.

L’Établissement de Retraite Additionnelle de la Fonction Publique (ERAFP) looks for three managers to create and manage a portfolio that consists of substantial portion of intermediate housing.

It also addded that funds, which do not target intermediate housing, should focus on private housing and alternative sectors to provide civil servants accommodation.

The mandate will amount to around €200 million for the first three years on an indicative basis.

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