Stichting Pensioenfonds voor de Woningcorporaties grants new mandate to a.s.r. real assets investment partners

Stichting Pensioenfonds voor de Woningcorporaties (SPW) (Dutch pension fund for housing corporations) has appointed a.s.r. real assets investment partners as real estate oversight manager. a.s.r. real assets investment partners will, in that capacity, transform the existing real estate portfolio on behalf of SPW into a predominantly European unlisted portfolio, and ultimately manage it actively. SPW’s new portfolio will have a size of at least € 1 billion with a firm focus on Dutch residential properties, while also allowing for global listed real estate shares. SPW was advised by GRREY Company in the selection process for real estate oversight manager.

Henk Jagersma, chairman of the board of SPW: “Real estate is an important long-term component within our investment portfolio and we currently see clear market momentum to build exposure. Among other things, we aim to invest in Dutch housing. a.s.r. real assets investment partners shares our vision and has the knowledge, experience and an extensive network to put together and manage a future-proof real estate portfolio.”

Luc Joosten, managing director of a.s.r. real assets investment partners: “We are proud to welcome SPW as a new client. The mandate granted fits perfectly with our proposition, in which we invest and manage capital on behalf of institutional investors in real assets including real estate. In doing so, we draw up a tailor-made investment strategy, select the right investments and actively monitor them, with ESG and sustainability fully embedded in our organisation and procedures.”

a.s.r. real assets investment partners
For more than 20 years, a.s.r. real assets investment partners has acted on behalf of pension funds, insurers, charities and family offices in determining strategies, selecting, managing and monitoring global investments in real assets such as real estate and infrastructure. a.s.r. real assets investment partners is part of a.s.r, one of the largest listed and most sustainable insurers in the Netherlands. More information about a.s.r. real assets investment partners can be found on www.asrinvestmentpartners.nl.

Stichting Pensioenfonds voor de Woningcorporaties
Housing associations have their own industry pension fund, called Stichting Pensioenfonds voor de Woningcorporaties (SPW), with which the pension schemes of these associations have been placed. SPW is among the top 20 largest pension funds in the Netherlands and manages assets for over 75,000 participants. One of the key objectives of the fund is to invest assets in a transparent and socially responsible manner.