A Dutch insurer has backed the ASR Dutch Core Residential Fund with a €100m commitment.

According to the ASR residential fund, the unnamed investor has appointed SWECO Capital Consultants as advisor for the selection and implementation of its real estate investments.

The residential fund, managed by the property arm of Dutch insurer ASR, said the latest capital commitment takes the number of institutional investors backing the fund to 12.

Robbert van Dijk, fund director of the ASR Dutch Core Residential Fund, said: “This commitment is a great start to the new year and we are pleased with this investor’s choice to join our residential fund. It confirms that our fund strategy is successful and that the fund is able to attract leading investors.

“With this new investor, we continue to build a portfolio with a focus on the mid-priced rental segment and sustainability, themes that are important to both our investors and society as a whole.”

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