ING Industrial Fund has settled on two properties in Groß Machnow and Großbeeren, Berlin.
The fund bought the properties as part of a collective purchase known as Fiege TTS portfolio, Germany, which comprises six industrial assets.
The settlement of Groβ Machnow and Groβbeeren, together represent 53% of this German portfolio.
The remaining four properties are expected to settle before October 31, 2006, approximately four weeks later than anticipated when details of this acquisition were announced to the ASX on August 03, 2006.
By Nelson Yap
