ING related stories
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ING A$2.5 billion industrial fund to be sold to Goodman consortiumING Real Estate Investment Management has agreed the sale of its A$2.5 billion Australian Securities Exchange-listed industrial fund to a consortium of buyers led by Sydney-based Goodman Group. The sale is the latest in a string of real estate offloads by Dutch parent company ING.
- Surprise at the finish
The race for ING REIM nears a conclusion with TPG, CBRE, Jones Lang LaSalle and Ares Capital Management all submitting final bids. Some of the finalists, though, have come as a surprise to the industry.
- TPG lands ProLogis’ Catellus assets for $505m
TPG has further demonstrated its real estate ambitions with the $505m purchase of US real estate assets from global logistics giant ProLogis. The Dallas-based private equity titan has been steadily increasing its exposure to the sector.
- ING offloads office portfolio to Euro, ME investors
ING Real Estate Investment Management, which is currently in the process of being sold, has agreed to sell the last assets of its Real Estate Office Fund of The Netherlands (REOFN) portfolio to a joint venture of Dutch family offices and Middle Eastern institutional investors.
- ING REIM sale process begins
The sale of ING Real Estate Investment Management is to commence in the next two to three weeks after Morgan Stanley was appointed to market the €64.4bn business. Private equity firms KKR and TPG are reportedly considering bids.
- TPG in final bidding for ING real estate platform
TPG has made a final offer for the real estate investment management platform, while KKR and others have dropped out of the bidding.
- EUROPE NEWS ANALYSIS: ING sale comes down to the wire
As the deadline for bids on ING Real Estate Investment Management passes, a private equity firm and a REIT appear to be the primary suitors. PERE Magazine, December 2010/ January 2011 issue
- ING Clarion names Barclay replacement
David Gilbert, the firm’s managing director and portfolio manager, has been named chief investment officer after Jeffrey Barclay (pictured) left to head Goldman Sachs’ expansion into core real estate.
- ING hires ex-Broadway exec to lead French investments
Despite trying to sell itself to third parties, the real estate investment arm of the Dutch insurance group has hired Bruno Cohen as CIO of its Paris office.
- ING offloads Canadian real estate arm
KingSett and AIMCo, the consortium of Alberta pensions and endowments, acquire ING’s 50% stake in an industrial fund for $1.9bn – along with the fund’s management platform, ING Real Estate Canada.