ING Real Estate has ended its EUR 1 bn European Infrastructure Fund (EIF). The fund failed to attract any investors, a company spokesman confirmed. ING decided to terminate the fund due to the weak market and concerns regarding the fund's future, the group said in a statement.
ING Real Estate has ended its EUR 1 bn European Infrastructure Fund (EIF). The fund failed to attract any investors, a company spokesman confirmed. ING decided to terminate the fund due to the weak market and concerns regarding the fund's future, the group said in a statement.
Launched last year, the fund managed a 29% stake in Welcome Break, a company which operates petrol stations, and a stake of nearly 25% in a wind turbine project. ING declined to say what would happen to the two participations, but said it would continue to discuss with investors ways in which ING can help them approach the infrastructure market. 'We still believe that infrastructure is a good investment,' the company said in a statement.
