ING transfers IOF management to Investa

ING REIM ("ING"), the owner of ING Management Limited ("IML"), the responsible entity ("RE") of ING Office Fund (ASX: IOF), has today agreed to transfer the management of IOF to Investa Property Group ("Investa"). Investa is also acquiring the 2.5% stake in IOF currently owned by ING entities (together, the "Transaction").

The Transaction will result in a transitional management arrangement where IML will remain as the RE of IOF and Investa will replace ING Real Estate Investment Management Australia ("REIMA") as the manager of the Fund. It is intended that, in the future, Investa will seek IOF unitholder consent to replace IML as RE of IOF with an Investa entity or purchase IML.

To view the full ASX announcement and supporting presentation please click on the PDF to the right.

For further information, please contact:

Johanna Keating 
Head of Investor Relations & Marketing 
ING Real Estate Investment Management 
T: +61 2 9033 1096 
M:+61 409 168 848