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| ING Real Estate and GIC Real Estate enter into transaction ING Real Estate and an affiliate of GIC Real Estate (the property investment arm of the Government of Singapore Investment Corporation) have successfully entered into a joint venture for the acquisition of the new Roma Est Shopping Centre, one of the largest shopping centres in Italy, from Italian food-retailing leader Gruppo PAM. The value of the transaction is approximately EUR 400 million with ING Real Estate and GIC Real Estate having equal stakes in the property. ING Real Estate has added the property to the ING Retail Property Partnership Southern Europe (RPPSE) and has been appointed asset manager. write your comments about the article :: © 2008 Construction News :: home page |