by The Landlord
In keeping with its earlier growth strategy, ING has chosen to expand by acquiring portfolios of managed funds rather than individual property acquisitions. In June, ING Property Management (the manager of the listed trust) bought the management rights to the Urbus portfolio and it is the most substantial shareholder in Urbus with 8.97%, suggesting that it may be in a strong position to achieve the merger, which would propel the company into the NZX50.« Bollard leaves rates unchanged despite worsening inflation outlook | NZ developer threatened with suspension despite improved results » |
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