AEW Europe has been awarded a €310 million French real estate investment mandate by French Public Service Additional Pension Scheme, Etablissement de Retraite Additionnelle de la Fonction Publique (ERAFP).
The new 10 year mandate, with clear guidelines on sustainability and Socially Responsible Investing (SRI), is to invest primarily in French office and retail assets, with limited exposure to residential and student housing.
Christian Delaire, AEW Europe’s Chief Executive Officer said: “We are delighted that ERAFP has entrusted us with this mandate to manage a French real estate portfolio. This is a continuation of our commitment to providing our clients with the very best real estate investment expertise and our structured approach to sustainability.”
AEW Europe is a founding member of the Green Rating Alliance and a signatory to the United Nations Principles of Responsible Investment(UNPRI). As part of the firm’s commitment to sustainability, AEW Europe has developed innovative new tools to assess and improve the energy efficiency of the €17.4 billion of real estate assets that it currently manages.