APG to Increase Asia Property Investments to Tap Economic Growth

APG Algemene Pensioen Groep NV, which manages about 299 billion euros ($393 billion) for the largest Dutch pension fund, said it will increase investments in Asian properties to tap the region’s economic growth.

The Amsterdam-based pension fund manager has invested 900 million euros in private real estate across Asia in the past two years, boosting the investment to 4.8 billion euros, said Daan Van Aert, head of strategic real estate at APG Investment Asia Ltd., a subsidiary of APG, in an interview in Hong Kong on April 20. About 70 percent of APG’s Asia allocation is in developed markets such as Hong Kong, Singapore and Australia, while the rest is in emerging markets including China and India.