Dutch bancassurer ING Group may need to resort to splitting up its real estate investment management unit to conclude a timely sale, sources close to the deal told news agency Reuters. Morgan Stanley, which has been mandated to evaluate a sale as part of a restructuring in the wake of ING Group's EUR 10 bn state bailout, is believed to have received several expressions of interest to take over ING REIM.
Westland Shopping Centre in the Brussels neighbourhood of Anderlecht may be up for sale, according to Belgian media reports.
