PIE Events
- German Property Breakfast
14 February 2012
Stockholm
- Distressed Property Breakfast
22 February 2012
London
- Central and Eastern Europe Real Estate Conference
03-04 May 2012
Vienna, Austria
Dutch ING to split real estate operations in restructuring
Dutch financial services group ING is splitting its real estate activities as part of a plan to reduce complexity and risk, under which it will divest operations worth up to e8bn and focus its banking activities on Europe. The group, which posted a 2008 loss and won a e10bn injection from the Dutch state last autumn, will bundle Real Estate Finance and Real Estate Development into a new wholesale banking unit ING Commercial Bank, while Real Estate Investment Management will become part of a new global investment management business.