The property arm of Dutch insurance group ASR, ASR Real Estate, has added another €100 mln to the ASR Dutch Core Residential Fund.
ASR Real Estate said that a Dutch insurer, the fund's 12th institutional investor, had committed the €100 mln sum.
Robbert van Dijk, the fund's director, 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.’
The investor has appointed SWECO Capital Consultants as advisor for the selection and implementation of its real estate investments.
The fund invests in sustainable, high-quality apartments and single-family homes, particularly in the mid-priced rental segment. It is currently worth €1.7 bn and holds around 5,000 units, with ambitions to grow further.
