ING Group is undertaking an evaluation of the position of its global ING Real Estate Investment Management (REIM) business in response to recent market commentary.
The commentary looked upon the future direction of the company’s Australian real estate platform, which includes five ASX-listed funds.
The Australian real estate platform forms part of the evaluation and, accordingly, local and ING Group management are in the process of developing and assessing a variety of strategic options as part of the review.
ING REIM has appointed an external adviser to assist the evaluation process, which is currently underway.
