a.s.r. real estate, the manager of real assets of insurance group ASR Nederland, the second largest Dutch insurance company, was able to significantly increase its assets under management (AuM). Assets under management grew from €8.3 billion at the end of 2024 to €13.5 billion at the end of January 2026. This corresponds to growth of around 61 percent. In addition, a development pipeline of around 13,000 residential units was added.
The growth of the six existing funds was reflected in several acquisitions, among other things. The ASR Dutch Science Park Fund bought four properties, two of them in Leiden and two in Delft. The ASR Dutch Mobility Office Fund has added the first office property built in timber hybrid construction in Amsterdam’s CBD, on the southern axis (Zuidas), to its portfolio. a.s.r. real estate has also been successful in fundraising. For the Dutch Science Park Fund, the pension fund KPN increased its capital commitments by EUR 40 million and the insurance company De Goudse invested a further EUR 10 million. In addition, the pension fund BPL Pensioen, the retirement fund of the agricultural sector in the Netherlands, invested a further EUR 90 million in the ASR Dutch Farmland Fund. In addition, several existing investors voted in favour of reinvesting their distributions.
Dick Gort, CEO of a.s.r. real estate, comments: “We were able to make a significant leap in growth in 2025, mainly due to the expansion of our residential activities. This allows us to leverage economies of scale and manage our residential portfolio more efficiently. With our own developer, we have a strategic advantage because we have access to an attractive property pipeline. The supply of residential real estate in the Netherlands is very tight and the structural excess demand remains high.”
Looking ahead to the new year, the CEO of a.s.r. real estate says: “We want to further expand the Fund Management division across all six funds – as well as our other real asset activities. At the same time, we will implement further steps to reduce CO2 emissions. In doing so, we are guided by our goal of being climate-neutral in 2045.”
In the Fund Management division, a.s.r. real estate manages six funds. Each fund invests exclusively in one asset class. The two largest funds are the ASR Dutch Core Residential Fund with assets with a volume of EUR 2.4 billion and the ASR Dutch Farmland Fund with investments with a volume of EUR 2.4 billion. In addition, there is the ASR Dutch Prime Retail Fund with real estate assets of EUR 1.4 billion. The other funds are the ASR Dutch Mobility Office Fund, the ASR Dutch Science Park Fund and the ASR Dutch Green Energy Fund I.
In total, more than 30 institutional investors are invested in the funds – including German investors, as the four real estate funds (residential, retail, office and science parks) meet the real estate quota requirements of German institutional investors.
