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13 February 2012

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ING launches European E1.5bn shopping centre fund

No less than E1.5bn in dominant shopping centres across continental Europe is the target total investment for the ING REIM European Shopping Centre Fund, recently launched by the Dutch-based investment manager. An unlisted closed-end vehicle with a 7-year lifetime, the fund will seek to provide investors with core-plus returns of 11%-13%. ING REIM already manages over E9bn in retail AUM through five specialist funds and four mixed funds.

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