On 31 December, ING Real Estate Investment Management closed its second pan-European industrial fund. The launching portfolio amounts to approximately €200 million and consisting of four properties in Germany, Portugal, the Netherlands and France. The Fund experiences strong appetite from European institutional investors.
The ING Real Estate European Industrial Fund is a non-listed, semi-open-end fund targeted at institutional investors. The fund invests in warehouses, distribution centres and light industrial properties near large population centres and logistic hubs. The fund, initially targeting a size of 1 billion, aims to achieve an internal rate of return of 10%.
The realization of this success is a pan - European effort, thanks to close cooperation of the teams from Paris, Madrid, Brussels, Milan, Frankfurt, The Hague, Institutional Clients, Research, Legal, Tax, Fund Services, ING Trust and Product Development.
Source: ING Real Estate