Townsend will provide a full suite of advisory services in connection with the implementation of a minimum €500m global close ended core plus and value add real estate portfolio. This will be based predominantly on small to mid-cap specialist managers focused on logistics, residential and alternative property types. The pension fund’s internal real estate team will continue to source European opportunities supported by Townsend whilst the latter’s primary brief is to cover North America and developed economies in the APAC region.