An unnamed German pension fund has hired ASR Real Assets Investment Partners to manage its global real estate portfolio.
ASR Real Assets said it has been selected as partner to help expand and manage the “diversified real estate portfolio, which is expected to reach a size of at least €800m over time”.
ASR Real Assets said its responsibilities include strategy development and execution, manager selection and portfolio monitoring. Special attention will also be given to the development and consistent implementation of environmental, social and governance policies and active engagement with the external managers, it added.
Luc Joosten, managing director at ASR Real Assets Investment Partners, said: “We are proud to welcome a new German client, which aligns with our ambition to further expand our international client base. Designing, implementing, and ultimately managing a global strategy with investments in Europe, North America and Asia-Pacific fits perfectly with our capabilities.
“The size and deep expertise of our team, our international network, and the fact that we also invest on behalf of ASR. itself were key reasons for this client to choose us.”
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