from Business Spectator website 9 July 09
Listed property trust ING Industrial Fund (IIF) could be the next target in Dexus Property Group's sights, the Financial Review has speculated. After approaches to Valad Property Group and Mirvac Industrial Trust came to nought, Dexus is said to be looking elsewhere to spend its $749 million in capital raised. IIF has $5.6 billion in assets across 500 industrial properties in Australia, Canada and Europe. Late last month it said it had until the end of August to restructure $1.785 billion in syndicated debt facilities.
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