a.s.r. Real Estate Investment Management acquires offices portfolio of Basisfonds Stationslocaties C.V.

a.s.r. Real Estate Investment Management (a.s.r. REIM) buys the offices portfolio of Basisfonds Stationslocaties C.V. The portfolio is valued at € 275 million. Together with offices already owned by a.s.r., the real estate now purchased is being transferred to the ASR Dutch Mobility Office Fund, a new office property fund in which institutional investors can participate.

Nine of the properties in the Basisfonds Stationslocaties C.V. portfolio are being transferred to the ASR Dutch Mobility Office Fund. The offices which are not in line with the fund’s strategy are being resold. In addition, two office properties already owned by a.s.r. will be transferred to the fund. At a later stage, another five properties will also be transferred.

ASR Dutch Mobility Office Fund

The ASR Dutch Mobility Office Fund focuses on high quality property in the vicinity of mobility hubs in the Netherlands, i.e. important train and metro stations and Schiphol Airport. These locations combine excellent accessibility with dynamic surroundings. Mobility hubs have a good mix of public transport and local functions and a wide range of amenities. At least 70% of the intended portfolio of office property funds consists of offices, supplemented with other assets (particularly car parks).

Dick Gort, CEO of a.s.r. REIM, comments: ‘After launching a successful retail and residential fund, we are now offering institutional investors the opportunity to invest in the ASR Dutch Mobility Office Fund. The fund’s strategy is to focus on a specific market segment, i.e. high quality offices in the vicinity of mobility hubs. Surveys show that these prime office locations command a higher rental and occupancy rate than properties in other locations. As accessibility by public transport and multifunctionality will, if anything, become even more important in the future, this makes these offices an attractive investment.’

Placement agent CBRE Capital Advisors is assisting a.s.r. REIM with the placement of the fund. NautaDutilh N.V. is acting as legal adviser and PwC as tax adviser to the fund.