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| ING Real Estate wins the Netherlands’ largest transaction to date Amsterdam-based ING Real Estate, the world's largest property fund manager, has won a transaction with the Dutch civil servants pension fund ABP regarding KFN, a vehicle wholly-owned by ABP which owns a portfolio of EUR 1.6bn comprising some 600,000m˛ of prime office properties, located across the Netherlands. The transaction is the largest real estate transaction in the Netherlands to date. Key elements of the transaction are that KFN properties that fit the strategy of ING Dutch Fund will be transferred to the fund, while other properties will be held by a fund designed to hold, rework and ultimately sell the assets in the medium term. The KFN team of 44 people will transfer to ING Real Estate complementing our existing fund teams. write your comments about the article :: © 2008 Construction News :: home page |