The ACCESS Pool, which consists of assets totalling c.£35bn on behalf of participating Pension Funds, is seeking a UK Core direct real estate investment manager and a Global real estate (fund of funds) allocator.
It is anticipated that the initial mandate size for the UK Core mandate will be between c. £0.75 billion and c. £1.25 billion, and c.£400 million to c. £550 million for the Global mandate, with potential to grow thereafter in both cases. Further information including assumptions and caveats are contained in Invitation to Tender (ITT) documents.
The contract(s) will run for 30 years and is (are) subject to a five-yearly review cycle during this period.
These will be procured through two separate tenders, both carried out as two-stage restricted procedures. Submissions for both tenders need to be received in English by 14:00 BST on 23 September 2022.
Continue reading by going to the source: 