US/NETHERLANDS - Real estate investor CB Richard Ellis has acquired ING Clarion Real Estate Securities (CRES) in the first of a two-part, $940m deal that sees ING selling the bulk of its real estate investment management business.
The new entity will operate as CBRE Clarion Securities and will be a part of CBRE Richard Ellis Investors, the firm's global investment management arm. CBRE also acquired $59m of CRES co-investment...
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