Ing Shops For €1bn Austro-german Fund

摘要

ING Real estate is poised to complete the first purchases for its €1bn (￡780m) ING German Austrian Retail Fund.The fund, which focuses on inner city shopping centres, has bought two centres in Germany and one in Austria.The fund has a seven-yearlifespan and is semi-open-ended. It aims to invest €1bn (￡780m) in property, including forward-purchases, within three years. If it hits the target, it will consider growing larger.