State Street Global Advisors (SSgA), the global fund manager, is seeking to take advantage of the resurgence of investment interest in property by launching the Balzac Real Estate Europe index fund.

Under the auspices of Tuckerman Group, a real estate operation owned by SSgA and Dutch pension fund ABP, the fund will seek to replicate European listed property company returns produced by the EPRA Liquid 40 property index, developed in conjunction with the European Property Real Estate Association and Euronext.