ASR Dutch Mobility Office Fund raises € 150 million in first six months

a.s.r. Real Estate Investment Management (a.s.r. REIM), has completed its second close for the ASR Dutch Mobility Office Fund (“the Fund”), established in December 2016. Sumitomo Mitsui Banking Corporation, one of the largest banks in Japan, and another Asian institutional investor have invested in the Dutch office fund, bringing the total external equity raised in the first six months to € 150 million.

Stichting Bedrijfstakpensioenfonds voor de Detailhandel, the pension fund for the Dutch retail sector, joined the Fund in May 2017 as its first external investor. The ASR Dutch Mobility Office Fund started in December 2016 after the acquisition of the offices portfolio of Basisfonds Stationslocaties and is the third Dutch sector fund launched by a.s.r. Real Estate Investment Management.

Pieter Vandeginste, fund director of the ASR Dutch Mobility Office Fund: ‘We are very pleased to welcome the two Asian institutional investors to our high quality office fund. Together with the previous investment by the Dutch pension fund for the retail sector, this closing confirms that our strategy to focus on high quality offices near mobility hubs in the Netherlands is attractive for both national and international investors. We want to generate a broad international investor base in our fund.’