ASR Real Estate Investment Management has raised over €530 mln of equity at the fourth close of its ASR Dutch Prime Retail Fund.
ASR Real Estate Investment Management has raised over €530 mln of equity at the fourth close of its ASR Dutch Prime Retail Fund.
The capital was raised in just over two years and includes over €25 mln in equity commitments from Aviva Investors Global Real Estate Multi-Manager.
John Gellatly, head of Europe at Aviva Investors Global REMM, said: ‘We are very pleased to be committing client capital to this fund which provides a diversified, core exposure to the prime retail sector across the Netherlands - and at a time when the Dutch retail environment is perceived to be starting to recover. As such, we are also pleased to be joining with a strong manager and investing alongside other major institutional investors.’
ASR REIM was advised by placement agent CBRE Capital Advisors. De Brauw Blackstone Westbroek provided legal advice and PwC acted as tax adviser to the fund.
