CBRE Group Acquires ING REIM’s Asia Operations
CBRE Group has completed the acquisition of ING Group NV’s real estate investment management (ING REIM) operations in Asia.
The newly acquired ING REIM operations in Asia are being merged with CBRE’s existing real estate investment management operations in the region. Richard Price, who served as ING REIM’s Asia head, will now serve as CEO of the combined company’s Asia Pacific investment management platform, overseeing operations in Hong Kong, Shanghai, Seoul, Singapore, Taipei and Tokyo. CBRE’s global investment management business is led by global president, Matt Khourie.
CBRE’s acquisition of ING REIM’s operations in Europe is expected to closed in the fourth quarter.