ING Real Estate Investment Management today launched five new funds worth a total target investment value of €4.25bn (£2.86bn).
Three of the five funds will target continental European assets and two of the funds will target infrastructure and healthcare assets in the UK.
The five funds are: Central and Eastern Europe Property Fund – €1bn (£0.67bn); Nordic Property Fund – €1bn; French Residential Property Fund – €500m (£336m); Infrastructure Fund – €1bn; Healthcare Fund – €750m (£504m).
David Blight, global chief of ING Real Estate Investment Management, said: “At £4.5bn this is the largest combined launch of real estate funds in our history and also heralds our entrance into the infrastructure and health sectors in the UK.”
References: EGi News 19/09/06
