Issue 2011 November 01st

This issue was created on 2011-11-01 11:30:00

  • CBRE Group closes mega ING REIM dealNovember 1, 2011
CBRE Group completed the acquisition of ING Group's real estate investment management operations in Europe yesterday, which will now operate as CBRE Global Investors under the leadership of CEO EMEA Pieter Hendrikse. The total purchase price for ING REIM Europe amounts to euro 394 million, the Los Angeles, California-based company said. ING REIM's European operations - including the ING Real Estate Select global fund of funds business - are being merged with CBRE Group's existing real estate investment management business, creating a company with more than 1,100 employees in 21 countries, and over 600 institutional clients worldwide.
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