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28 May 2012

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ING acquires Stockholm mall from Unibail at 6.2%

Netherlands-based ING Real Estate Investment Management, Europe's largest property manager just sold by the banking group to CB Richard Ellis, has completed a first acquisition for its European Shopping Centre Fund. It bought Tyresö Centrum, Stockholm, for E82m, from Unibail Rodamco - an initial yield of 6.2%. ESCF targets E1.5bn AUM

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