Achmea Real Estate’s Dutch retail real estate fund has received €117m from a Dutch insurer.

The Achmea Dutch Retail Property Fund (ADRPF) has received two mandates from the unnamed insurer. The insurer is already a participant in the fund.

Achmea Real Estate said the latest mandates mark the successful transformation of ADRPF in recent years. The retail fund recently moved away from retail properties in smaller cities and developed a new strategy focused on dominant neighbourhood shopping centres and retail properties in the nine strongest city centres in the Netherlands.

The fund now has a size of almost €1bn, spread over 90 properties.

Peter Koppers, a fund manager at Achmea Real Estate, said: “We see the retail market in the best Dutch inner cities picking up despite the economic uncertainties.

“Vacancy rates in inner cities are falling due to increased demand from new entrants and expanding retail chains. In addition, we are seeing many transformations to other functions.”

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