ING Real Estate announced on Monday that it is expanding its investment management activities into South America with the opening of a new office in São Paulo, Brazil. Florencio Beccar, who established ING Real Estate's investment management's office in Italy and headed the firm's acquisition team in Spain, has been named to head the office.
ING Real Estate announced on Monday that it is expanding its investment management activities into South America with the opening of a new office in São Paulo, Brazil. Florencio Beccar, who established ING Real Estate's investment management's office in Italy and headed the firm's acquisition team in Spain, has been named to head the office.
'This step represents a broadening of our global competencies, we are now present in 22 countries around the world and this is the first step in establishing a foothold in South America,' said Robert Houston, CEO Investment Management at ING Real Estate.
ING Real Estate's São Paulo office will be located within ING Bank's premises and is expected to officially open on 29 September with Beccar as managing director.
