Voorsogskas Voor Geneesheren, Tandartsen & Apothekers, Brussels, is looking for a manager to run a 45 million euro ($42.1 million) international real estate portfolio for the 520 million euro pension fund for doctors, dentists and pharmacists. RFPs will be posted on the fund’s website, www.cpm.be, Tuesday, and on www.ipe-quest.com.
The fund is diversifying its property portfolio, which accounts for 8% of total assets and has been invested solely in Confinimmo NV, a Belgian REIT. The Confinimmo holding will be incorporated into the new portfolio but reduced over time, said Karel Stroobants, the fund’s deputy general manager. The move is the final step in implementing the results of an asset-liability study completed at the end of 1999.
