History

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Our history is the result of the ING Group’s consistent commitment to establish a real estate business worldwide. Below are some of the main milestones:

Milestones

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|2008|
- Investment management activities expanded into South America by opening a new office in São Paulo, Brazil, with a focus on the four main real estate ‘food groups’ of housing, industrial, retail and office. ING Real Estate now has offices in 22 countries.
- ING Real Estate acquires property developer Geo-de based in Lyon, France, a key market for the company. The aqcquisition will enable the company to expand its development activities in France with the aim to develop mainly mixed-use inner city projects.
- Pension fund ABP and ING Real Estate entered into a real estate transaction with KFN, a Dutch non-listed real estate investment trust, wholly-owned by ABP. KFN owns a portfolio of approximately EUR 1.6bn comprising some 600,000m² of prime office properties, located across the Netherlands.
|2007|
- ING Real Estate Investment Management acquires three AZL real estate funds: AZL Vastgoed Woningen N.V., AZL Vastgoed Kantoren N.V. and AZL Vastgoed Winkels N.V. The assets of the three funds total EUR 880 million.
- A new office is opened in Romania (Bucharest).
- ING Clarion Partners acquire Apple Two, a US$900 million publicly traded hospitality REIT.
- Number of full-time employees: 2,549
|2006|
- ING Real Estate Canada Trust acquires Summit REIT, Canada's largest industrial property owner, in a public-to-private transaction.
- ING Real Estate Investment Management launches its global Multi Manager business, providing investors access to a wide range of real estate funds and managers.
- New offices are opened in Sweden (Stockholm) and Japan (Tokyo).
- Total Portfolio ING Real Estate: EUR 90.7 billion
- Number of full-time employees: 2,100
|2005|
- Acquisition of Gables Residential Real Estate Investment Trust in a public-to-private transaction.
- ING Real Estate Investment Management opens its South Korea office and appoints dedicated personnel in Thailand (Bangkok), Malaysia (Kuala Lumpur) and Taiwan (Taipei). We acquire:
  - Gables Residential Trust (USA), a US$3.0 billion publicly traded apartment REIT
  - The Abbey National Portfolio (UK), a £1.3 billion diversified commercial portfolio
  - Coop Norden (Sweden), a €450 million retail portfolio.
- Total Portfolio ING Real Estate: EUR 69.8 billion
- Number of full-time employees: 1,778
|2004|
- Transfer by ING Bank of its corporate real estate loan portfolio to ING Real Estate.
- ING Group acquires Rodamco Asia N.V. in a public-to-private transaction and opens a Hong Kong office.
- Total Portfolio ING Real Estate: EUR 50.1 billion
- Number of full-time employees: 1,523
|2003|
- Acquisition of the corporate real estate lending business of Westland Utrecht, an ING-owned Dutch real estate finance company.
|2002|
- ING Clarion Partners and ING Group acquire the Trammell Crow Industrial Trust, a $1.5 billion private REIT.
|2001|
- Two Spanish retail developers acquired (Filo and Promodeico).
- ING Real Estate Investment Management Australia is established.
|2000|
- Acquisition of a 50% holding in 3W, a real estate developer in the Netherlands.
|1999|
- ING Real Estate Investment Management opens an office in Shanghai, China.
|1998|
- ING Group acquires Clarion Partners, a major US private equity real estate investment manager and Clarion <CRA> Securities, a leading public Real Estate Investment Trust (REIT) advisor. ING Real Estate Investment Management opens its Singapore office.
|1996|
- Acquisition of a majority stake in Baring, Houston & Saunders, the UK real estate investment management arm of Barings Bank, which ING Group acquired in 1995. Baring, Houston & Saunders became fully owned in 2001.
- ING Group acquires Armstrong Jones, a leading Australian real estate investment management firm.
- ING Real Estate Investment Management opens its first Asian office in Beijing (China)
|1995|
- ING Real Estate is created as a result of a merger between two major, long-established Dutch real estate entities: the property arm of the life insurer Nationale-Nederlanden and MBO, the real estate development subsidiary of NMB Postbank.

Balanced growth

'Since 1995 we have grown our business every year, becoming a leading global real estate company'

REAL ESTATE

History

Milestones

Balanced growth