An unnamed Dutch pension fund is investing €250m in a residential fund managed by the real estate arm of Dutch insurer ASR.

The €2.2bn ASR Dutch Core Residential Fund has announced it expects to receive the capital commitment from a Dutch pension fund but declined to give additional details of the pension fund.

The fund invests in ”sustainable, high-quality apartments and single-family homes, particularly in the medium-priced rental segment”, the manager said.

Robbert van Dijk, fund director of the ASR Dutch Core Residential Fund, said: “The pension fund’s commitment shows its long-term confidence in the Dutch housing market and the ASR Dutch Core Residential Fund. The housing market is high on the political and social agenda.

“Despite the dynamics in the market, we see continued interest in our residential fund. On behalf of our institutional investors, we have invested significantly in the mid-priced rental segment to keep the housing market accessible to a large group of people.

“With the commitment of the new investor, we will continue to focus and invest in the mid-priced rental segment and sustainability in the coming years.”

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