Ernst & Young has confirmed that ING Real Estate Investment Management Netherlands is certified for a type I report that is compliant with the new International Standard on Assurance Engagements No. 3402 (ISAE 3402). The fund manager is one of the first real estate investment managers to receive the new ISAE 3402 certification.

ISAE 3402 was issued by the International Auditing and Assurance Standards Board (IAASB) in 2010 to succeed the Statement on Auditing Standards No. 70, Service Organizations (SAS 70). The certification ensures that all controls, procedures and processes relating to the ING Dutch Retail Fund, ING Dutch Residential Fund and ING Dutch Office Fund were suitably designed and accurately described.

Hans Copier, Country Manager ING REIM NL commented: 'The ISAE 3402 is a quality mark. The certification sends a clear message to our clients and other stakeholders that we have everything in place to safeguard the interests of our investors. I am confident that this further strengthens the relationship with all of our stakeholders.'

ING REIM NL is the investment manager of the ING Dutch Retail Fund, ING Dutch Residential Fund and ING Dutch Office Fund, which are non-listed real estate funds for institutional investors. Since inception all of the funds have outperformed the Dutch ROZ property index on a 3, 5 and 10 -year average.