Dutch pension fund Stichting Pensioenfonds voor de Woningcorporaties (SPW) has appointed a.s.r. real assets investment partners as real estate oversight manager.
a.s.r. real assets investment partners, in that capacity, will transform the existing real estate portfolio on behalf of SPW into a predominantly European unlisted portfolio, and ultimately manage it actively. SPW’s new portfolio will be at least €1 billion ($1.1 billion) with a firm focus on Dutch residential properties, while also allowing for global listed real estate shares. SPW was advised by GRREY Company in the selection process for real estate oversight manager.
“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. a.s.r. real assets investment partners shares our vision and has the knowledge, experience and an extensive network to put together and manag