ING Real Estate Investment Management (ING REIM) is selling its 60% interest in the company that manages its ING Real Estate Healthcare Fund (IHF) to Australian real estate investment manager APN Property Group. APN will also purchase the 1.4% stake in the fund owned by other ING entities. Financial details were not disclosed. The deal is subject to approval by IHF unit holders.
Principal Real Estate has acquired a stake in the Rome Cavour Hotel through a Separate Account Mandate.
