ING Real Estate appoints new members to Continental European Investment Management team (NL)

ING Real Estate announces that it has made a number of changes to its Continental European Investment Management team. These appointments are crucial to the company's ongoing investment performance and to further streamlining its continuing commitment to the development and execution of its pan-European real estate investment management strategies and operations.

Pieter Hendrikse, CEO, ING Real Estate Investment Management (ING REIM) Europe, said: "Over the past four years we have expanded our activities substantially. We have more than doubled our share of profit and now almost have €20 billion of assets under management - 200% more than four years ago. Once again the performance of the vast majority of our European funds showed double-digit returns in 2007. We believe that the management changes announced today will enable us to maintain our growth momentum while responding to new challenges as well as continuing our focus on clients and performance."

Appointment of Chief Investment Officer
Will Rowson, currently Head of European Acquisitions, has been promoted to Chief Investment Officer. This appointment reflects the growing need for and the company's equally increasing focus on optimal strategic asset allocation over the following period.

Appointment of Fund Manager, European Healthcare Property Fund
Wietse de Vries, currently Head of European Institutional Clients, has been appointed as Fund Manager of our European Healthcare Property Fund, which will be launched later this year. As such, he will be responsible for the development and launch of a strategy that is new to the traditional property market, and offers excellent diversification and duration-lengthening opportunities to institutional investors.

Appointment of Head of European Institutional Clients
Max de Groot will become Head of the European Institutional Clients team. Max is currently Acquisition Director for Central and Eastern Europe where he has headed our team of acquisitions managers and built an impressive investment portfolio. His solid experience will help grow the company's client base in an ever-expanding and competitive institutional investment market and will reinforce the focus on client servicing under the ING Real Estate brand.

The European Board of ING REIM now consists of:
Pieter Hendrikse, CEO and Chairman of the European Board ING REIM
Maurice Voskuilen, COO ING REIM Europe
Will Rowson, CIO ING REIM Europe
Jan Vermaas, Head of Funds Europe
Max de Groot, Head of European Institutional Clients

Source: ING Real Estate

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