Kroot joins management of EUR 1.1b Dutch retail fund

ASR Real Estate Investment Management has appointed Michiel Kroot as fund controller for its Dutch Prime Retail Fund. Kroot will form the dedicated fund management team for the ASR Dutch Prime Retail Fund together with fund operations manager Bart Vink and fund director Bas Tiemstra.

The fund was set up on 1 July this year as a non-listed real estate fund with EUR 1.1 bn of managed retail real estate in the Netherlands and a pipeline of EUR 280 mln.

Kroot was previously employed as a controller at listed Dutch property company Wereldhave and as a fund controller at ING Real Estate Investment Management. Before that, he worked as an accountant at PWC. He obtained his degree in business economics and his postgraduate Master’s degree in accountancy at Erasmus University Rotterdam.

ASR Vastgoed Vermogensbeheer is part of ASR Nederland, one of the largest insurance companies in the Netherlands.