Dutch pension fund Stichting Pensioenfonds voor de Woningcorporaties (SPW) has appointed ASR Real Assets Investment Partners to oversee a real estate portfolio.
The €14bn Dutch pension fund for housing corporations has hired the manager to help transform its existing real estate portfolio into a predominantly European unlisted portfolio, and ultimately manage it actively.
It said the new portfolio will have a size of at least €1bn with a “focus on Dutch residential properties, while also allowing for global listed real estate shares”.
Henk Jagersma, chairman of the board of SPW, said: “Real estate is an important long-term component within our investment portfolio and we currently see clear market momentum to build exposure. Among other things, we aim to invest in Dutch housing.
“ASR Real Assets investment partners shares our vision and has the knowledge, experience and an extensive network to put together and manage a future-proof real estate portfolio.”
Luc Joosten, managing director at ASR Real Assets Investment Partners, said: “We are proud to welcome SPW as a new client. The mandate granted fits perfectly with our proposition, in which we invest and manage capital on behalf of institutional investors in real assets including real estate.
“In doing so, we draw up a tailor-made investment strategy, select the right investments and actively monitor them, with ESG and sustainability fully embedded in our organisation and procedures.”
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