Dutch pension funds set for Asian property losses

As long-awaited sales of private real estate this year finally crystalise losses in the sector, Dutch pension funds are set for large losses on Asian portfolios, according to data from Netherlands’ central bank DNB. ABP, the largest Dutch pension fund, invested €16.1 billion of a total global property allocation of €75.1 billion into APAC, at the end of 2022, according to its annual report. Dutch pension funds collectively invest €13 billion in Asian property (a universe that is…