ING Completes Sale of ING REIM Asia to CBRE

03 October 2011 ... min read

ING Completes Sale of ING REIM Asia to CBRE

Amsterdam, 3 October 2011

ING announced today it has completed the sale of ING REIM’s Asian operations to U.S.-based CBRE Group, Inc.
The transaction includes ING REIM Asia as well as part of ING’s equity stakes in funds managed by ING’s Asian real estate investment management platform, and is part of a broader agreement announced on 15 February 2011 whereby ING agreed to sell three ING REIM businesses to CBRE. The broader agreement comprises ING REIM Asia, the already announced closed sale of U.S.-based ING CRES, and ING REIM Europe, which is on track to close in the fourth quarter of 2011.

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ING is a global financial institution of Dutch origin, offering banking, investments, life insurance and retirement services to meet the needs of a broad customer base. Going forward, we will concentrate on our position as an international retail, direct and commercial bank, while creating an optimal base for an independent future for our insurance and investment management operations.

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