Investment management services with respect to Global (excluding UK) Real Estate.

Descriptions

The published contract notice contained the following:The Board has issued this notice for the procurement of a panel of managers to invest mainly through regional, multi-sector pooled funds investing in real estate equity in Europe (a minority exposure may tolerated to the UK), Asia Pacific and US.Although the Board is largely considering managers offering core open-ended fund strategies for European and Asia Pacific real estate, it will also consider managers offering higher risk/return, closed-ended, strategies such as value-add and opportunistic fund strategies for part of its allocation in these two regions.The US fund strategies being sought are exclusively of an open-ended core style.The Board is looking to appoint a panel of Global (excluding UK) Real Estate investment managers during 2013/14. We will be conducting a selection process to identify a range of managers that have demonstrated expertise and experience in each of the specified regions and styles. The ability to offer suitable funds within the minimum fund requirements (as detailed in the Tender) and the quality of the fund offering will be a key requirement in the selection process.The proportion of PPF assets that may be allocated to Real Estate will depend on the opportunities available at any given time.