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ASR Nederland To Launch $1.6B RE Fund

ASR Nederland is setting up a real estate fund to sell $1.6 billion Dutch assets.

    ASR Nederlandis setting up a real estate fund to sell $1.6 billion Dutch assets,Bloombergreports. The Utrecht-based insurer intends to sell most of its stores and shopping centers with the launch of theASR Dutch Prime Retail Fund.

    Around 210 properties have been transferred to the new fund.ASR Real Estate Investment Managementwill manage the fund. Nearly 20% of the fund will be retained by ASR.CB Richard Ellis Grouphas been hired to find investors in the fund.

    Click here for the story fromBloomberg.

    Click here for additional coverage fromPropertyEU.

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