Fundraising - DECEMBER 6, 2022

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ASR Dutch Core Residential Fund nabs €250m investment from Dutch pension fund

by Kali Persall

An unnamed Dutch pension fund is investing €250 million ($263 million) in the €2.2 billion ($2.3 billion) ASR Dutch Core Residential Fund, said ASR Real Estate, part of Dutch insurance group ASR, in a Dec. 6 statement.

The ASR Dutch Core Residential Fund has a core, diversified portfolio consisting of sustainable, high-quality residential rental assets in the strongest economic and demographic regions of the Netherlands. The residential fund invests in both apartments and single-family houses in the non-regulated segment, particularly in the mid-priced rental segment. The fund has a €293 million ($308 million) pipeline, according to ASR’s website.

ASR said the fund is open to institutional investors.

“The pension fund’s commitment shows its long-term confidence in the Dutch housing market and the ASR Dutch Core Residential Fund,” said Robbert van Dijk, fund director of the ASR Dutch Core Residential Fund. “Despite the dynamics in the market, we s

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