Business News • MarketWire • Niagara Acquisition Inc. to Acquire Property Portfolio From ING |
Niagara Acquisition Inc. to Acquire Property Portfolio From ING |
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Niagara Acquisition Inc. to Acquire Property Portfolio From ING
TORONTO, ONTARIO--(Marketwire - Aug. 29, 2010) - Niagara Acquisition Inc. ("Niagara"), a corporation owned by KingSett Capital Inc. ("KingSett") and certain clients managed by Alberta Investment Management Corporation ("AIMCo"), has agreed to acquire all of the outstanding equity interests in ING Summit Industrial Fund LP ("Summit") from Realty Holding LP and Realty Holding II LP in a private acquisition. The transaction value is approximately CDN$2 billion, including assumed debt. Niagara has also agreed to acquire ING Real Estate Canada LP, the manager of Summit.
View More : http://www.marketwire.com/mw/release.do?id=1310933&sourceType=3
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