28. Juni 2010     Print Print 

ING REIM raises over €70 million for the ING Dutch Funds

The Unilever pension fund ‘Progress’ has signed a commitment of over €70 million to the ING Dutch Funds. Their first investment has already been made in the ING Dutch Residential Fund. An investment in the ING Dutch Retail Fund will follow later this year.

In 2009, Progress decided to move from direct to indirect real estate investments. Its philosophy is to invest in indirect real estate with market leaders with a proven track record, pooling all ‘best-in-class’ strategies. In line with this philosophy Progress has selected the ING Dutch Funds. In addition to this commitment, Progress is considering other ING REIM funds, for some of which it has already started the due diligence process.