ASR Dutch Prime Retail Fund to take over part of retail portfolio Ronstreet Properties
On behalf of ASR Dutch Prime Retail Fund, a.s.r. real estate is to buy a part of the retail portfolio from Ronstreet Properties. The portfolio consists of high street shop premises across the Netherlands. The transaction involves approximately € 94 million.
The shop premises are found on A locations in cities like Den Bosch, Haarlem, Zwolle, Breda, Nijmegen, Amersfoort and The Hague. The shop premises are to be transferred to the ASR Dutch Prime Retail Fund.
Edwin van de Woestijne, fund director ASR Dutch Prime Retail Fund: ‘The Ronstreet Properties portfolio is a fine addition to the ASR Dutch Prime Retail Fund. The shops are at absolute prime locations in streets where the retail fund already owns various premises and therefore these fit in excellently with our retail fund’s strategy.’
Sweco is the technical adviser of a.s.r. real estate and Houthoff the legal adviser. The vendor receives technical and commercial advice from CBRE and legal advice from Loyens & Loeff.
About the ASR Dutch Prime Retail Fund
The ASR Dutch Prime Retail Fund is a.s.r. real estate’s retail fund. This fund comprises a diverse portfolio of retail property worth approximately EUR 1.6 billion. The portfolio consists of shops at A1 locations, shopping centres and supermarkets, with a total lettable floor space of more than 366,000 m2. Institutional investors are invited to participate in this fund. For more information please visit: www.asrrealestate.nl.