'ING RE to sell central London office portfolio'

ING Real Estate is believed to be offloading its central London office assets worth over £200 mln (around EUR 250 mln), according to reports by Property Week. The company is reportedly selling 88 Wood Street in the City of London for around £190 mln to US private investment firm Atlantic Property Partners. According to Property Week, the transaction would be the first purchase in Europe by the Boston-based group. ING acquired the building in 2006 for £232 mln.

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