De Brauw assisted ASR Real Estate Investment Management (ASR REIM) with the set-up of a closed-end fund for a joint account named ASR Dutch Prime Retail Fund, as well as the subsequent transfer of ASR retail real estate to the fund. ASR Dutch Prime Retail Fund is structured in accordance with INREV guidelines.

De Brauw was involved in the entire process: advising on the structure, drafting the term sheet, developing the fund agreement, and conducting the due diligence and transfer of the real estate portfolio.

Following the set-up, ASR Dutch Prime Retail Fund will provide national and international institutional investors the possibility to invest in the ASR retail real estate portfolio. The initial closing is scheduled for October 2011. De Brauw will also be involved in the process of admitting institutional investors to the fund.

Team: Annemieke Wessels, Maarten Tinnemans, Max van Drunen (Real Estate)