THE NETHERLANDS - ING Real Estate - the property arm of Dutch financial giant ING - has finalised a EUR736m investment in residential fund Vesteda.
Vesteda, and selling party Dutch pension giant ABP, have signed an agreement resulting in a 25% ownership by ING. All three parties first declared their intentions in September last year.
It is expected that the remaining 75% interest in Vesteda still owned by ABP will be sold as result of further participations, although ABP has stated that it would like to retain a minority interest in Vesteda of around 25%.
By Madhu Kalia
The registration deadline for the Workplace Savings & Benefits Awards 2019 is today.
This week's top stories were the DWP giving the green light to CDC and TPR granting extensions for 11 master trust authorisation applications.
Susan Martin says building strong foundations for business are the only way forward as the pensions industry is radically shaken up
The Pensions Regulator (TPR) has granted Now Pensions a six-week extension for its master trust authorisation application after the 31 March deadline, PP can reveal.