(AFX UK Focus) 2009-06-01 10:03 ING Real Estate takes over $772 mln Asia fund (Interactive Investor)

SINGAPORE, June 1 (Reuters) – Dutch financial group ING’s real estate arm said on Monday it had taken control of a $772 million real estate fund from a Japanese manager, boosting its Asian assets by nearly 20 percent. The closed-end New City Asia Opportunity Fund, which owns mostly Chinese, Japanese and South Korean assets, will be renamed the Phoenix Real Estate Fund, ING Real Estate Investment …

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(AFX UK Focus) 2009-06-01 10:03 ING Real Estate takes over $772 mln Asia fund (Interactive Investor)

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