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| ING REIM launches European Shopping Centre Fund ING Real Estate Investment Management (ING REIM) announced the launch of the ING REIM European Shopping Centre Fund, an unlisted closed-end property fund with a 7-year lifetime. The ING REIM European Shopping Centre Fund targets to EUR 1.5 bn in dominant shopping centres across Continental Europe. The Fund will seek to benefit from the recovery in the Continental European retail real estate markets to provide investors with Core + returns in the range of 11 – 13%. The Fund will be managed by a dedicated team of professionals based in Europe. ING REIM manages in excess of EUR 9 bn in retail AuM through 5 specialist funds as well as 4 mixed funds across 11 Continental European countries, offering retail exposure to its extensive client base. ING REIM has invested over EUR 5.5 billion in the European retail sector in the period from 2004-2009 and has a proven track record by outperforming the IPD Retail Benchmark on 3, 5, 10 and 13-year basis. write your comments about the article :: © 2010 Construction News :: home page |