Simpson Thacher Reps CBRE In $940M ING Deal

Law360, New York (February 15, 2011, 3:45 PM EST) -- CB Richard Ellis Group Inc. said Tuesday it will pay $940 million in cash for most of ING Group NV's real estate investment management business in a deal that would allow it to work with institutional investors across global markets.

The purchase includes substantially all of the ING Real Estate Investment Management operations in Europe and Asia as well as Clarion Real Estate Securities, ING's U.S.-based global real estate listed securities business, CB Richard Ellis said.

ING REIM Europe, ING REIM Asia and CRES had a...
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