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CBRE completes ING real estate acquisition

Posted on 02 November 2011

CB Richard Ellis (CBRE) has completed the acquisition of ING Real Estate Investment Management (ING REIM) Europe, marking the final stage of CBRE’s absorption of ING’s real estate business.
CBRE has acquired ING REIM Europe for $540m, bringing the total sale value of the various real estate businesses to approximately $940m. ING agreed to sell all three ING REIM businesses to CBRE in the first quarter of 2011. CBRE purchased Clarion Real Estate Securities (CRES) on 1 July and ING REIM’s Asian business on 3 October……………………………………….Full Article: Source


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