BPL Pensioen is to invest an additional €90m in the ASR Dutch Farmland Fund, adding to the €210m previously invested by the Dutch pension fund.
BPL Pensioen is an investor in ASR Real Estate’s farmland fund alongside DELA, the ING pension fund and ASR.
Mark Rosenberg, chairman of BPL Pensioen’s investment committee, said: “Our investments in agricultural land help diversify our portfolio and deliver an attractive real return for our participants.”
The ASR Dutch Farmland Fund owns almost 39,000h hectares of Dutch agricultural land worth €2.1bn. More than €550m has been invested since the fund opened to new external institutional investors in 2022.
Dick van den Oever, fund director of ASR Dutch Farmland Fund, said: “The fund aims to grow further and to pass on agricultural land in even better condition to future generations. With the confidence BPL Pensioen has placed in us, we are pleased that we can continue to pursue our climate-smart farming strategy, helping farmers to make their business more sustainable. The new commitment will enable us to help dairy farmers, among others, to extensify their operations and help arable farmers to achieve a more sustainable extensive cultivation plan.”
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