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ING REIM NL ISAE 3402 certified

Ernst & Young has confirmed that ING Real Estate Investment Management Netherlands (ING REIM NL) is certified for a type I report that is compliant with the new International Standard on Assurance Engagements No. 3402 (ISAE 3402).

In ING REIM NL’s case, the ISAE 3402 certification ensures that all controls, procedures and processes relating to the ING Dutch Retail Fund, ING Dutch Residential Fund and ING Dutch Office Fund were suitably designed and accurately described. 

Hans Copier, Country Manager ING REIM NL commented: “The ISAE 3402 is a quality mark. The certification sends a clear message to our clients and other stakeholders that we have everything in place to safeguard the interests of our investors. I am confident that this further strengthens the relationship with all of our stakeholders.” 

ING REIM NL is the investment manager of the ING Dutch Retail Fund, ING Dutch Residential Fund and ING Dutch Office Fund, which are non-listed real estate funds for institutional investors. The funds have an excellent track record since inception as all of the funds have outperformed the ROZ Vastgoedindex on a 3, 5 and 10 year average.  

ISAE 3402 was issued by the International Auditing and Assurance Standards Board (IAASB) in 2010 to succeed the Statement on Auditing Standards No. 70, Service Organizations (SAS 70). Ernst & Young conducted the audit. ING REIM NL is one of the first real estate investment managers to receive the new ISAE 3402 certification.

For information
ING Real Estate Investment Management Anneke van der Galiën, Global Communication Manager T + 31 70 3419126, E Anneke.van.der.galien@ingrealestate.com www.ingreim.com

About ING Real Estate Investment Management
ING Real Estate Investment Management focuses on the investment management of quality real estate in all major global markets with a total portfolio of EUR 65.3 billion (as per 30 September 2010). ING Real Estate Investment Management is one of the leading investment management companies and serves a broad client base from four continents, Europe, North America and South America, Asia and Australia.  ING Real Estate Investment Management is part of ING Group, a global financial institution of Dutch origin offering banking, investments, life insurance and retirement services to over 85 million private, corporate and institutional clients in more than 40 countries.

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