ING chief to join APN Property Group

David Blight, the outgoing head of ING Real Estate's investment management business, is joining Australian company APN Property Group.

David Blight, chairman and chief executive of ING Real Estate Investment Management, is joining Australian company APN Property Group as managing director.

Blight, who resigned from ING in June, will take up his position in November, based in Melbourne, APN said.
The pubic company is listed on the Australian stock exchange, and manages 16 property funds worth around A$ 4.3 billion  ($3.7 billion) in its APN Funds Management division.

It has a European platform called the APN UKA European Property Group.

John Harvey, chairman of APN, said in a statement that Blight had proven himself “one of the best real estate investment managers.”

Blight was managing director of ING Real Estate Investment Management's business in Australia between 1998 and 2004 before relocating to The Hague in the Netherlands to take up the top job.

Blight replaces current APN managing director and substantial shareholder Chris Aylward, who is continuing as executive director. He said Blight was the “right fit” and would help the company expand domestically and internationally.