a.s.r. real estate acquires a retail portfolio from Phoenix Joint Venture C.V.
02 August 2019
2 August 2019a.s.r. real estate acquired a retail portfolio from Phoenix Joint Venture C.V. with a total value of approximately €100 million. The acquisition was made on behalf of the ASR Dutch Prime Retail Fund (ASR DPRF) and includes fourteen retail properties: six in Amsterdam, one in Eindhoven, four in Maastricht and three in Utrecht. The retail properties are located close to current assets of the fund and are of high quality.
After this acquisition, ASR DPRF's portfolio has a value of €1.75 billion. Currently there are twelve national and international institutional investors in the retail fund.