Syntrus Achmea Real Estate & Finance said on Wednesday that it has secured a 鈧�25 mln mandate for its Dutch Retail Property Fund from the Dutch pension fund for Physiotherapists SPF.
SPF鈥檚 mandate is the second increase in the investment base of the Achmea Dutch Retail Property Fund this year. In April, PNO Media increased its allocation in the fund from 鈧�3.1 mln to 鈧�50 mln.
Both SPF and PNO Media were advised by Sweco Capital Consultants.
The Achmea Dutch Retail Property Fund invests in properties in prime high street locations and in dominant shopping centres. During the past five years, the retail fund has generated an average annual return of 4.6%, which compares to the 3.8% return of the IPD Benchmark.
The fund had 21 investors and a total of 鈧�674 mln of assets under management at the end of 2015.
'This new mandate validates our strategy of active asset management and making selective investments in the best retail locations. This approach has proven to add value, and provides a solid base for the outperformance of the fund,' said Marga Boerman, the manager of the Achmea Dutch Retail Property Fund.
