An Italian insurance company has entered as a participant in the ASR Dutch Mobility Office Fund on 1 July. It is investing approximately € 30 million. This takes the total external equity raised by the office fund of a.s.r. real estate to around € 180 million.
The investment by the Italian investor strengthens the international investor base of the ASR Dutch Mobility Office Fund. The other participants in the fund are: a.s.r., Sumitomo Mitsui Banking Corporation, one of the largest banks in Japan, another Asian institutional investor, and Stichting Bedrijfstakpensioenfonds voor de Detailhandel, the pension fund for the Dutch retail sector.
Pieter Vandeginste, fund director of the ASR Dutch Mobility Office Fund, said: ‘We are very pleased that a renowned Italian insurance company has invested in our office fund. Together with the previous investments by the Asian participants, this investment demonstrates that the office portfolio of the ASR Dutch Mobility Fund is highly regarded internationally. Our strategy of focusing only on offices in the vicinity of mobility hubs is proving successful. The new capital gives us an opportunity to finance new acquisitions.’
CBRE Capital Advisors acted as placement agent for a.s.r. real estate.