The Gloucestershire County Council Pension Fund, Gloucester, England, issued an RFP for a multimanager to run a U.K. real estate portfolio initially worth between £10 million ($16 million) and £30 million, according to European procurement platform Tenders Electronic Daily.
The strategy could potentially increase to as much as £100 million and include overseas real estate. The fund’s assets totaled about £1.06 billion as of Sept. 30.
Proposals are due Jan. 4. No selection date was specified.
Graham Burrow, head of finance for exchequer and pension fund, could not be reached by press time for additional details.
Further information can be obtained from consultant Hymans Robertson via e-mail at [email protected]