Onderlinge ’s-Gravenhage has joined the ASR Dutch Core Residential Fund

The Dutch pension and life insurer has joined the ASR Dutch Core Residential Fund as an investor. The investment amounts to € 100 million. The ASR Dutch Core Residential Fund’s portfolio now consists of approximately 5,000 residential units, with approximately € 1.5 billion in invested assets.

The ASR Dutch Core Residential Fund invests in sustainable, high-quality apartments and single-family homes, mainly in the mid-range rental segment. The locations are characterised by strong demographic and economic fundamentals that constitute the basis for a stable investment climate. The current acquisition pipeline of the housing fund consists of approximately 1,300 dwellings.

Robbert van Dijk, fund director of the ASR Dutch Core Residential Fund: “We are very pleased that this prestigious pension and life insurer has joined our housing fund. The accession of Onderlinge ’s-Gravenhage will further expand and diversify the growing customer base of our housing fund. The total number of investors in the ASR Dutch Core Residential Fund has now reached 10 institutional customers’.

CBRE Capital Advisors acted as advisor to Onderlinge ’s-Gravenhage in their selection of the ASR Dutch Core Residential Fund.