a.s.r. real assets, the investment, asset and property manager for real assets of the Dutch insurance group ASR Nederland, has agreed a partnership with PrimeraAdvisors. PrimeraAdvisors acts as a consulting firm advising managers and institutional investors on real estate matters and operates as a placement agent. The objective of this collaboration is to support a.s.r. real assets in acquiring further German institutional investors.
Thomas Gütle, Managing Partner of PrimeraAdvisors, commented on the potential of a.s.r. real assets funds for German institutional investors. He highlighted that the manager has over 130 years of experience in the Dutch market and that the funds are characterised by a stable track record, a clear focus on specific property types, and high sustainability standards. In particular, the core approach with low leverage is currently of interest to risk-averse investors. Investors can individually decide on commitments to funds for office, retail, residential, and renewable energies. Initial discussions have already taken place to connect a.s.r. real assets with institutional investors.
Dick Gort, CEO of a.s.r. real assets, described PrimeraAdvisors and Thomas Gütle as suitable partners for the internationalisation of the investor base due to his many years of experience in the German institutional real estate business. Thomas Gütle has over 20 years of experience in senior roles within the real estate industry and has raised significant equity throughout his career. His expertise extends to both the investor and manager sides. He previously worked for US Treuhand, Savills Investment Management, TMW Pramerica, Henderson Global Investors, and Allianz AG, among others.
Fund strategies overview
The ASR Dutch Core Residential Fund focuses on residential properties in economically strong regions of the Netherlands and has a volume of approximately EUR 2.4 billion. The strategy pursued is a core approach with a long-term investment horizon, aiming for continuous distributions and value appreciation in the Dutch residential segment. An internal development pipeline of approximately 13,000 planned residential units, currently in various stages of development, can potentially be integrated into the fund in the future.
The ASR Dutch Mobility Office Fund invests in quality office properties in important inner-city intercity locations such as Amsterdam, Utrecht, Rotterdam, The Hague, and Eindhoven, selected according to strict criteria. The aim is a current dividend yield of at least five per cent with very low LTV, as well as long-term value development from selective core investments. The focus is on well-connected CBD and mobility hub locations with long-term leases and financially sound occupiers. The ASR Dutch Prime Retail Fund holds retail properties with a total volume of approximately EUR 1.4 billion. The focus is on selectively chosen inner-city high-street locations and sites with local amenities. The targeted total return is an IRR of over six per cent, with a current income yield of more than 4.5 per cent. This fund also uses low leverage.
The ASR Dutch Green Energy Fund I bundles investments in Dutch renewable energy projects, including wind and solar farms as well as storage solutions. A target IRR of over seven per cent is aimed for over the fund's approximately 20-year term. Returns are based, among other things, on long-term support mechanisms and power purchase agreements, offering stability for investors.
