Financial group ING has completed the sale of Clarion Partners, its US-based private market real estate investment manager, for $100 mln (EUR 69) to Clarion Partners' management and Lightyear Capital. Clarion Partners had EUR 15.9 bn in assets under management at end-March 2011. Lightyear is a US-based private equity firm.
Principal Real Estate has acquired a stake in the Rome Cavour Hotel through a Separate Account Mandate.
