ERAFP awards three real estate investment management mandates in France
- 5 March 2013
Paris, 5 March 2013 – In line with ERAFP’s policy of broadening its investment universe 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 real estate investment management mandates in France.
In February 2012, ERAFP launched a negotiated procedure with a view to awarding French SRI real estate mandates. Following the selection process, ERAFP has decided to award the mandate for investments in France to AEW Europe SGP. Amundi Immobilier and La Française Real Estate Managers will be the stand-by managers.
The investments will be made principally in the following real estate asset classes: offices and retail premises, but also housing and student accommodation. In time, the Fund may also invest in other real estate asset classes such as logistics facilities, serviced accommodation, etc.
Guidelines for the SRI Real Estate asset class were specifically drawn up by ERAFP before launching the procedure and have been negotiated with the management companies selected.
The investments over a three-year horizon are estimated at around €310 million.
The contract has a 10-year term.