$350 million Real Estate Mandates at IPE-Quest

Three institutional investors are currently searching for real estate investment managers via the IPE-Quest web platform. Each mandate is for investments into REITS and publicly traded securities.

IPE-Quest currently has four REITS searches on IPE-Quest, all from Swiss institutional investors, valued at a total US$350 million. Three of them (valued US$100+ mln., US$10-50 mln. and US$10-50 mln. respectively) will close on Monday, 25 September 2006. The fourth (value: $200 mln.) will close on Thursday, 28 September 2006.

IPE-Quest is designed to connect institutional investors and asset managers. Institutional investors announce their mandates via a simple-to-use web platform. Asset managers respond via an online Request for Information form which enables them to place their capabilities in any given asset class in front of potential clients.

This brings the total to 9 real estate mandates on IPE-Quest during 2006, an indication that investors are increasingly utilising the platform as a resource when hiring managers for real estate mandates.

Source: IPE-Quest