BPL Pensioen invests additional €90 million in ASR Dutch Farmland Fund

BPL Pensioen is to invest an additional €90 million in the ASR Dutch Farmland Fund. This amount is on top of the €210 million previously invested by the pension fund for the agricultural and green sector. BPL Pensioen is an investor in a.s.r. real estate’s farmland fund alongside DELA, the ING pension fund and a.s.r.

Mark Rosenberg, Chairman of BPL Pensioen’s investment committee, said: “Our investments in agricultural land help diversify our portfolio and deliver an attractive real return for our participants.”

The ASR Dutch Farmland Fund owns almost 39,000 hectares of Dutch agricultural land worth €2.1 billion. More than €550 million has been invested since the fund opened to new external institutional investors in 2022.

Dick van den Oever, Fund Director of ASR Dutch Farmland Fund, said: “The fund aims to grow further and to pass on agricultural land in even better condition to future generations. With the confidence BPL Pensioen has placed in us, we are pleased that we can continue to pursue our climate-smart farming strategy, helping farmers to make their business more sustainable. The new commitment will enable us to help dairy farmers, among others, to extensify their operations and help arable farmers to achieve a more sustainable extensive cultivation plan.”

The portfolio of the ASR Dutch Farmland Fund is the culmination of over a century’s work. The fund invests in agricultural land in the Netherlands and has a strong focus on long-term value creation for agricultural entrepreneurs, investors and society as a whole. It offers institutional investors stable returns combined with a unique diversification effect.