The French Public Service Additional Pension Scheme (ERAFP) plans to roll out two new real estate funds in order to diversify its portfolio, IPE reports. The funds will focus on French and other European properties.
The pension fund recently hired asset manager AEW Europe SGP to run €40 million in real estate assets and will look at other investments in the future. At present, ERAFP oversees assets worth €11 billion under its socially responsible investment program.
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