Dutch pension fund to invest € 250 million in ASR Dutch Core Residential Fund

A Dutch pension fund is committing € 250 million to the ASR Dutch Core Residential Fund. Over the years, the residential fund has grown to € 2.2 billion in size. With this new investment, a.s.r. real estate’s residential fund continues to expand its portfolio, focusing on investments in the mid-priced rental segment and sustainability.

Robbert van Dijk, fund director of the ASR Dutch Core Residential Fund: ‘The pension fund’s commitment shows its long-term confidence in the Dutch housing market and the ASR Dutch Core Residential Fund. The housing market is high on the political and social agenda. Despite the dynamics in the market, we see continued interest in our residential fund. On behalf of our institutional investors, we have invested significantly in the mid-priced rental segment to keep the housing market accessible to a large group of people. With the commitment of the new investor, we will continue to focus and invest in the mid-priced rental segment and sustainability in the coming years.’

About the ASR Dutch Core Residential Fund

The ASR Dutch Core Residential Fund invests in sustainable, high-quality apartments and single-family homes, particularly in the medium-priced rental segment. The locations are characterised by strong demographic and economic fundamentals, which form the basis for a stable investment climate. The ASR Dutch Core Residential Fund has a GRESB five-star rating and a size of over € 2.2bn (exclusive of pipeline). The Fund provides a home to around 5,000 households.