ING Real Estate Web Site - December 2, 2005
ING Real Estate acquired nineteen retail properties in prime locations in the Netherlands from WE Vastgoed for an amount of EUR 28 million. The total portfolio has a gross lettable area of 7.000 m2. Eight properties are leased long term to WE Netherlands as part of a sale and lease back transaction. Nine properties will be added to the ING Dutch Retail Fund. Ten properties have been acquired by the ING Real Estate Woning-Winkel Fonds III CV, which is expected to close on December 28, 2005.
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