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Home arrow Real Estate News arrow General News arrow Canadian Real Estate Trust is offered $3 billion by ING

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Canadian Real Estate Trust is offered $3 billion by ING
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Friday, 01 September 2006

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AMSTERDAM, NETHERLANDS -- $2 billion in cash was nearly offered to Canada’s Summit Real Estate.

Dutch banking and insurance company ING Groep NV will also assume aboutj $ 1 billion worth of debt for the said real estate.  The deal is worth $3.4 billion. 

This should close in October, according to ING and Real Estate Canada Trust.


-joshdi16-

 
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