ING Real Estate will announce today that it has reached agreement to acquire full ownership of the Felicia shopping centre in Iasi in Romania through the purchase of Belgian development company Felicia Invest. The total investment amounts to approximately EUR 40 mln. The acquisition marks ING RE’s first acquisition in the Romanian market. The property will be added to the ING Property Fund Central and Eastern Europe (ING PFCEE), a semi-open ended real estate fund with a target size of EUR 1 bn.
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