ING Real estate launches ING logistics property fund Europe

Today, ING Real Estate launches the ING logistics property Fund Europe, a non-listed closed er d real estate fund, aiming at institutional investors. The fund, which consists of logistics property in Europe, has a size of Euro 500 million. Eleven different Dutch pension funds entered the fund. In the near future it is to be expected that investors from outside The Netherlands will also enter the Fund.

The ING logistics property fund Europe focuses on investing in logistic properties in 6 European countries: The Netherlands, Belgium, France, Germany, Italy and Spain. On this moment, state of the art properties are acquired in The Netherlands and in France. Also a pipeline is built up in the other countries Spain, Italy, Belgium and Germany. The investment policy is focussed on high quality investments in the core European logistic areas offering an optimal return with relatively low risk.

The introduction of the ING Logistics Property Fund Europe fits in ING Real EstateÂ's international expansion strategy consisting of an international spread of real estate funds in different investement categories (logistics, retail, residential, office and parking.)

(source: ING Real Estate

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