ING Real Estate's closed-ended Dutch flagship funds are to convert to a semi open-ended structure with an infinite lifetime on January 1 next year. The Netherlands-based company said in a statement that the change concerns the ING Dutch Office Fund, ING Dutch Residential Fund and the ING Dutch Retail Fund. In total, the funds have EUR 4.5 bn worth of assets under management for 49 institutional shareholders.
Real estate investor, developer and asset manager, Firethorn Trust has appointed Charlie Ingham as director of Firethorn Investment Management, its third-party investment, development and asset management services offering.
