a.s.r. real estate

First placement of ASR Dutch Mobility Office Fund

12-06-2017
First placement of ASR Dutch Mobility Office Fund

Pension fund for the Dutch retailsector (Stichting Bedrijfstakpensioenfonds voor de Detailhandel) joins Fund

a.s.r. Real Estate Investment Management has completed the first placement of the ASR Dutch Mobility Office Fund. Stichting Bedrijfstakpensioenfonds voor de Detailhandel, pension fund for the Dutch retail sector, has joined the Fund as its first external investor.

The ASR Dutch Mobility Office Fund was the third Dutch sector fund to be launched successfully by a.s.r. Real Estate Investment Management in December 2016. The intended participants are Dutch and foreign institutional investors with a long investment horizon. ASR Nederland N.V., the original owner of the portfolio, will continue to hold a substantial share in the fund on a long-term basis.

Pieter Vandeginste, Fund Director of the ASR Dutch Mobility Office Fund: “We are pleased that Stichting Bedrijfstakpensioenfonds voor de Detailhandel has decided to join the Fund. This first closing underlines the confidence investors have in the Fund. This Fund’s strategy is unique in the market and focuses on high-quality offices in the immediate vicinity of mobility hubs in the Netherlands: key train and subway stations and Amsterdam Airport Schiphol. These offices clearly command a higher rent and have a better occupancy rate than buildings in other locations. Investors take this as a positive sign.”

Placement Agent CBRE Capital Advisors helped a.s.r. Real Estate Investment Management with the structuring and placement of the ASR Dutch Mobility Fund. Finance Ideas served as advisor to Stichting Bedrijfstakpensioenfonds voor de Detailhandel.

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