Search
 

CBRE Finalizes $540M ING Europe Management Buy

LOS ANGELES-The new firm that also includes Asia real estate investment management operations, CBRE Global Investors, will be based here.

By Robert Carr | Updated on November 01, 2011

LOS ANGELES-CBRE Group Inc. has completed its $540 million purchase of Amsterdam-based ING Group’s real estate investment management operations in Europe. CBRE has now spent about $900 million on ING assets, including the Asia management operations and ING’s Clarion Real Estate Securites business, bringing total CBRE assets under management to about $94.8 billion.

The ING REIM business, as well as ING Real Estate Select, is to be merged with CBRE. The combined firm will operate as CBRE Global Investors, based here. Matt Khourie will serve as global president and his team will comprise executives of both firms, including Peter Hendrikse, now CEO of EMEA; Richard Price, CEO of Asia Pacific, T. Ritson Ferguson, CEO of global securities and Jeremy Plummer, CEO of global multi-management.

Want to continue reading?
Become a Free ALM Digital Reader.

Once you are an ALM digital member, you’ll receive:

  • Unlimited access to GlobeSt and other free ALM publications
  • Access to 15 years of GlobeSt archives
  • Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications
  • 1 free article* every 30 days across the ALM subscription network
  • Exclusive discounts on ALM events and publications

*May exclude premium content
Already have an account?

NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.

GlobeSt

Join GlobeSt

Don't miss crucial news and insights you need to make informed commercial real estate decisions. Join GlobeSt.com now!

  • Free unlimited access to GlobeSt.com's trusted and independent team of experts who provide commercial real estate owners, investors, developers, brokers and finance professionals with comprehensive coverage, analysis and best practices necessary to innovate and build business.
  • Exclusive discounts on ALM and GlobeSt events.
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com.

Already have an account? Sign In Now
Join GlobeSt

Copyright © 2024 ALM Global, LLC. All Rights Reserved.