ASR Real Estate Investment Management (ASR REIM) is investing €275m in a portfolio of Dutch offices.
The manager’s Dutch Mobility Office Fund, targeting assets close to train stations across the Netherlands, will hold the portfolio.
Dick Gort, chief executive at ASR REIM, said: “After launching a successful retail and residential fund, we are now offering institutional investors the opportunity to invest in the ASR Dutch Mobility Office Fund.
“The fund’s strategy is to focus on a specific market segment – for example, high-quality offices in the vicinity of mobility hubs.”
Gort said prime office locations commanded a higher rental and occupancy rate than properties in other locations.
“As accessibility by public transport and multi-functionality will, if anything, become even more important in the future, this makes these offices an attractive investment,” he said.
The portfolio includes nine assets previously owned by Basisfonds Stationslocaties.
Offices not in line with the fund’s strategy are being resold, ASR REIM said.
Two office properties already owned by ASR will be held by the fund, with a further five properties to be transferred at a later date.