The real estate arm of insurance giant AXA is considering making a bid for ING Real Estate Investment Management (ING REIM). Speaking at the Reuters Global Real Estate and Infrastructure Summit in London this week, AXA chief investment officer Dennis Lopez said a bid for ING REIM was being mulled as part of a strategy to grow AXA's real estate business at the expense of ailing peers.
The real estate arm of insurance giant AXA is considering making a bid for ING Real Estate Investment Management (ING REIM). Speaking at the Reuters Global Real Estate and Infrastructure Summit in London this week, AXA chief investment officer Dennis Lopez said a bid for ING REIM was being mulled as part of a strategy to grow AXA's real estate business at the expense of ailing peers.
'We are one of the few firms that actually has the infrastructure to be able to buy the company (ING REIM) and make it work,' Reuters quoted Lopez as saying.
Earlier this month it was reported that the ING group has appointed Morgan Stanley to market ING REIM which has EUR 64 bn of assets under management.
