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ING hires former Unibail-Rodamco exec

The real estate investment firm has appointed Scott Dwyer to develop its business in Central Europe, just as it is reportedly raising $750m for a follow-on China fund.

ING Real Estate has appointed Scott Dwyer as general manager for its development business in Poland, Germany, the Czech Republic and Romania. Dwyer will begin his position in 2009.

It comes as the Netherlands-based real estate investment manager is reportedly raising a $750 million follow-on fund to target housing developments in China. According to Reuters, the vehicle, ING China Opportunity Fund II, is expected to launch in the first quarter of 2009.

In a statement, ING said Dwyer would be based in the Netherlands and Poland. Prior to ING, Dwyer was managing director for Central Europe at Unibail-Rodamco where he was responsible for setting up its Central European operations. He was also previously finance director of TRILDM Development in Poland and the European director for Greater Union International in Germany.

Earlier this year the firm also appointed Richard Price, a veteran with ING Real Estate since 1996, as its new Asia chief executive officer. Price is based in ING’s Hong Kong office.