| 02.06.2009 - ING Real Estate takes over $772 mln Asia fund |
| From Reuters: Dutch financial group ING's real estate arm said on Monday it had taken control of a $772 million real estate fund from a Japanese manager, boosting its Asian assets by nearly 20 percent. The closed-end New City Asia Opportunity Fund, which owns mostly Chinese, Japanese and South Korean assets, will be renamed the Phoenix Real Estate Fund, ING Real Estate Investment said in a statement.........Full Article: Source |