a.s.r. real estate increases Assets under Management by 61% to € 13.5 billion

•    7,500 residential units transferred to in house management
•    Development pipeline of approximately 13,000 homes
•    New capital commitments for Farmland Fund and Science Park Fund
•    Stock dividends result in additional fund units
•    Capital inflow invested in acquisition of high quality assets

a.s.r. real estate, the Real Assets manager of insurance group ASR Nederland, the second largest insurer in the Netherlands, has significantly increased its Assets under Management (AuM). AuM rose from € 8.3 billion at the end of 2024 to € 13.5 billion by end January 2026, representing growth of circa 61%. In addition, a development pipeline of approximately 13,000 residential units in the Netherlands has been added to the portfolio. 

The growth of the six existing funds in 2025 is reflected in several acquisitions. The ASR Dutch Science Park Fund acquired four properties, two located in Leiden and two in Delft. The ASR Dutch Mobility Office Fund expanded its portfolio with the first hybrid timber office building in Amsterdam’s prime Central Business District, the Zuidas. 

a.s.r. real estate also achieved strong results in fundraising. Pension fund KPN increased its capital commitment to the ASR Dutch Science Park Fund by € 40 million, while Dutch insurer De Goudse made an additional investment of € 10 million. Furthermore, BPL Pensioen, the pension fund for the agricultural sector in the Netherlands, increased its investment in the ASR Dutch Farmland Fund by € 90 million. In addition, several existing investors opted for stock dividends, thereby increasing their fund participation.

Dick Gort, CEO of a.s.r. real estate, comments: ‘We have achieved a clear acceleration of growth, primarily driven by the expansion of our residential activities. This enables us to benefit from economies of scale and manage our residential portfolio more efficiently. Having our own development platform provides a strategic advantage, as it gives us direct access to an attractive pipeline of new projects. Residential real estate remains in very short supply in the Netherlands, while demand continues to be structurally high.’

Looking ahead to the coming year, the CEO of a.s.r. real estate states: ‘We aim to further expand our activities within Fund Management across all six funds – just as we are doing with our other Real Asset activities. At the same time, we continue to take further steps in reducing CO₂ emissions, in line with our objective to be climate neutral by 2045.'

Within its Fund Management division, a.s.r. real estate manages six funds, each investing exclusively in a single asset class. The two largest funds are the ASR Dutch Core Residential Fund, with assets valued at € 2.4 billion, and the ASR Dutch Farmland Fund, with investments also valued at € 2.4 billion. In addition, the ASR Dutch Prime Retail Fund has real estate assets of € 1.4 billion. The remaining 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 have invested in these funds. These include German institutional investors, as the four real estate funds (Residential, Retail, Office and Science Parks) are compliant with German real estate quota regulations.