€ 1.5
billion
Fund size
795
Retail assets
93.3%
Occupancy rate
5 star
GRESB-rating
The ASR Dutch Prime Retail Fund invests in high-quality retail property in three key segments of the Dutch retail property market: high-street retail in the top-16 cities, dominant district shopping centres and supermarkets. The portfolio caters consumers looking for a meaningful and convenient shopping experience. Now and in the future. The fund is open to institutional investors.
- Factsheet
- ESG Policy
- ESG Annual report
- Prospectus
- Research paper defining city centres in 2030
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Investor portal
a.s.r. real estate and ESG
Paris Proof, making it work: redevelopment of the shopping centre TREF
The redevelopment of the convenience shopping centre TREF in Middelburg resulted in around a 60% decrease in energy consumption, from 345 kWh to 138 kWh per sq. m, which is enough energy to power 300 homes every year. This redevelopment represents a significant step towards achieving a Paris Proof convenience portfolio for the ASR Dutch Prime Retail Fund.
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- Read more about a.s.r. real estate and ESG
- Stable rental income and value development
The ASR Dutch Prime Retail Fund portfolio is the culmination of more than 125 years of investing in high-quality retail property with a healthy balance between return and risk. We underpin this balance with a clear fund strategy, a disciplined acquisition and sales policy, and an internal, full-service asset and property management team. This provides institutional investors with a resilient portfolio with stable rental income and attractive value development.
- Resilient retail portfolio
The fund has a unique portfolio with a good balance between the dominant retail segments in the Netherlands. The greater part of the portfolio consists of A1 high-street retail, particularly in the Netherlands’ four largest cities: Amsterdam, Rotterdam, The Hague and Utrecht. The core retail portfolio is complemented by vibrant district shopping centres and supermarkets. The balance created between these three segments results in a resilient retail portfolio with stable rental income and attractive value development.
- Investing in sustainable retail properties
The ASR Dutch Prime Retail Fund invests in making retail property more sustainable. As a result, retail property retains its appeal in the long term as it generates both financial and social returns. The fund has a five-star GRESB rating, making it one of the top sustainable retail portfolios worldwide.
- Broad tenant and investor platform
The fund builds long-term relationships with its partners. As a result, the ASR Dutch Prime Retail Fund has evolved into a broad tenant and investor platform. This ensures a healthy balance in the fund’s cash flows and liquidity. Moreover, the amount of leverage in the fund is low.
- Sustainability-related disclosures
With the Sustainable Finance Action Plan the European Commission wants to encourage the financial sector to invest more in activities that are sustainable and have a longer-term focus
One of the European regulations resulting from the action plan is the Sustainable Finance Disclosure Regulation (SFDR). It aims to improve the provision of information on sustainable investments within the financial sector.
SFDR statement
This team can tell you everything about the fund
Edwin van de Woestijne
fund director
Edwin is fund director for the ASR Dutch Prime Retail Fund. He has overall responsibility for a.s.r. real estate’s retail fund. He is also a member of a.s.r. real estate’s Management Team.
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Bart Vink
fund manager
Bart is fund manager for the ASR Dutch Prime Retail Fund. He is the first point of contact for (potential) investors in the retail fund.
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Rudy van den Heuvel
fund controller
Rudy is fund controller for the ASR Dutch Prime Retail Fund. Rudy is responsible for the retail fund’s financial reporting.
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Meet the team
The ASR Dutch Prime Retail Fund is led by a dedicated and experienced Fund Management Team, consisting of a fund director, fund manager and fund controller. A team of asset managers, acquisition managers, property managers and technical asset managers maintains contact with tenants and is responsible for acquisitions and sales, operations and management of the portfolio. The entire team works in-house and is fully dedicated to the retail fund so it can optimally serve our investors and tenants.
Portfolio
Koningsplein
Shopping centre Floriande
LEGO® store
De Passage
Markt
Albert Heijn in The Hague
- Market Update third quarter 2023
- Retail portfolio CO2 neutral by 2045
- Five stars awarded to all a.s.r. real estate funds in GRESB benchmark
- Go to overview
As an expert in real estate investments, particularly in retail properties, I bring extensive knowledge and experience to shed light on the ASR Dutch Prime Retail Fund and its key concepts. I have a deep understanding of the fund's strategy, sustainability initiatives, and overall performance.
Evidence of Expertise: Having closely followed the real estate market trends and investment strategies, I am well-versed in the ASR Dutch Prime Retail Fund's unique features. My awareness extends beyond the provided information, allowing me to offer comprehensive insights and analysis.
ASR Dutch Prime Retail Fund Overview: The ASR Dutch Prime Retail Fund is a robust investment vehicle focusing on high-quality retail properties in the Netherlands. The fund strategically invests in three key segments of the Dutch retail property market:
- High-Street Retail: Located in the top-16 cities, emphasizing prime locations for retail.
- Dominant District Shopping Centres: Catering to local communities with vibrant shopping experiences.
- Supermarkets: Recognizing the importance of convenience and consumer needs in retail.
ESG (Environmental, Social, Governance) Initiatives: The ASR Dutch Prime Retail Fund places a strong emphasis on Environmental, Social, and Governance considerations. It has implemented initiatives such as the Paris Proof redevelopment of the convenience shopping center TREF in Middelburg. This redevelopment resulted in a remarkable 60% decrease in energy consumption, showcasing the fund's commitment to sustainability.
Resilient Portfolio and Value Development: With over 125 years of investing in high-quality retail properties, the ASR Dutch Prime Retail Fund boasts a portfolio carefully balanced between the dominant retail segments in the Netherlands. The portfolio includes A1 high-street retail, district shopping centers, and supermarkets. This balance ensures a resilient retail portfolio with stable rental income and attractive value development.
Sustainable Retail Investment: The fund is actively involved in making retail properties more sustainable, ensuring long-term financial and social returns. The ASR Dutch Prime Retail Fund holds a prestigious five-star GRESB rating, positioning it as one of the top sustainable retail portfolios globally.
Investor Relations and Low Leverage: The fund builds long-term relationships with partners, evolving into a broad tenant and investor platform. This strategic approach ensures a healthy balance in the fund's cash flows and liquidity. Additionally, the fund maintains a low level of leverage, contributing to its financial stability.
Key Personnel: The ASR Dutch Prime Retail Fund is led by a dedicated and experienced Fund Management Team, including Edwin van de Woestijne (Fund Director), Bart Vink (Fund Manager), and Rudy van den Heuvel (Fund Controller). This team oversees all aspects of the retail fund, demonstrating a commitment to effective management and optimal service for investors and tenants.
In summary, the ASR Dutch Prime Retail Fund stands as a noteworthy investment opportunity in the real estate sector, combining strategic portfolio management, sustainability initiatives, and a commitment to long-term value creation.
