ING Real Estate Investment Management will introduce three new closed real estate funds for institutional investors on the European market. The funds will aim at Central Europe, France/Belgium and Southern Europe.
This has been confirmed by ING Real Estate. It concerns ING Property Fund Central Europe with a size of Ã¢âÂ¬ 600 mln., ING Retail Property Fund France Belgium of Ã¢âÂ¬ 1 bln. and a Southern European Retail Partnership of which the size is not yet known. The latter will exist next to the ING Retail Property Fund IbÃÂ©rica which completely focusses on the Spanish market. It doesn´t concern so-called ´blind pools´ but funds for which ING Real Estate already has investments.