ERAFP awards three real estate investment management mandates in Europe
- 11 July 2013
Paris, 11 July 2013 – In line with ERAFP’s policy of diversifying its investments and in accordance with the five values of its SRI charter, the French public service additional pension scheme has just awarded one active and two stand-by European real estate investment management mandates.
In 2012, ERAFP launched a negotiated procedure with a view to awarding SRI European real estate mandates. Following the selection process, ERAFP has decided to award the active mandate to AXA Real Estate Investments Managers SGP.
CBRE Global Investors France SGP and LaSalle Investment Management SAS will be the stand-by managers.
The mandated manager will manage a portfolio of unlisted real-estate assets located in OECD countries in Europe. The investments will be made principally in offices and retail premises, but may also concern the residential and logistic sectors. As an indication, investments over a three-year horizon could amount to around €350 million.
The contract has a 10-year term.