a.s.r. real estate has entered the German market with the ASR Dutch Mobility Office Fund. A German investment platform has invested € 58 million in the fund. Besides this investment, another € 150 million has been raised since 2021.
In 2022, the ASR Dutch Mobility Office Fund aligned its Fund Agreement to reflect German legislation and regulations for investments in non-listed funds. By doing so, it has made it possible for German institutional investors to invest in the fund. The first commitments were agreed in December 2022 and January 2023, attracting € 58 million in German capital to the Dutch office fund. CBRE Capital Advisors assisted in the fund’s introduction in Germany.
Focus on offices enabling a reduction in tenants’ CO2 footprint
Pieter Vandeginste, fund director of the ASR Dutch Mobility Office Fund: ‘2021 and 2022 were successful years and we are very pleased to welcome the first German investors to our fund. We see an increasing focus on the office locations in which our fund invests. The offices are mainly located near intercity railway stations in the five major cities, making them attractive locations for both tenants and investors.’
The ASR Dutch Mobility Office Fund is open to national and international institutional investors. Besides a.s.r., seven other institutional investors from the Netherlands and abroad participate in the fund. The fund boasts a diversified portfolio consisting of 12 properties and a number of forward commitments, with a total value of approximately € 770 million. The participants are institutional investors with a long-term investment horizon. a.s.r. will continue to hold a substantial share in the fund.
About the ASR Dutch Mobility Office Fund
The ASR Dutch Mobility Office Fund invests in sustainable offices in easily accessible locations in the Netherlands, at the larger intercity railway stations. These are currently key locations and will remain so in the future. The office portfolio consists of single- and multi-tenant buildings with a green energy label. Most of the properties in the portfolio are located in the five largest cities of the Netherlands: Amsterdam, Rotterdam, The Hague, Utrecht and Eindhoven. a.s.r. real estate emphasises that investing, besides the chance of returns, also involves risks.