A fund managed by the property arm of Dutch insurer ASR has attracted its first German capital.

ASR Real Estate said the ASR Dutch Mobility Office Fund, which recently opened up to German institutional investors, has received €58m from an unnamed German investment platform.

The fund has also raised an additional €150m since 2021, the manager said.

The ASR Dutch Mobility Office Fund focuses on high-quality office buildings in the immediate vicinity of mobility hubs in the five largest office markets in the Netherlands.

The fund currently holds a diversified portfolio of 12 properties and a number of forward commitments, with a total value of €770m.

Pieter Vandeginste, fund director of the ASR Dutch Mobility Office Fund, said: “2021 and 2022 were successful years and we are very pleased to welcome the first German investors to our fund.

“We see an increasing focus on the office locations in which our fund invests. The offices are mainly located near intercity railway stations in the five major cities, making them attractive locations for both tenants and investors.”

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