ASR Real Estate, the real estate arm of Dutch insurance group ASR, said a Dutch pension fund is committing €250 million to the ASR Dutch Core Residential Fund.
The €2.2 billion ASR Dutch Core Residential Fund invests in sustainable, high-quality apartments and single-family homes, particularly in the medium-priced rental segment.
Robbert van Dijk, fund director of the ASR Dutch Core Residential Fund: ‘The pension fund’s commitment shows its long-term confidence in the Dutch housing market and the ASR Dutch Core Residential Fund. The housing market is high on the political and social agenda. Despite the dynamics in the market, we see continued interest in our residential fund. On behalf of our institutional investors, we have invested significantly in the mid-priced rental segment to keep the housing market accessible to a large group of people. With the commitment of the new investor, we will continue to focus and invest in the mid-priced rental segment and sustainability in the coming years.’