The support will enable Premier Challenge to build their new Volvo Open 70.
Headed by Grant Wharington, the team is flanked by world-renowned sailor Ian "Barney" Walker, an experienced tactician and Volvo Ocean Race veteran.
The race-boat has been designed by Don Jones, designer of the innovative and successful super-maxi yacht, "Skandia".
ING Real Estate's Australian managing director of development, Mark Broomfield, says the rationale for the support for Premier Challenge is the synergy seen between ING Real Estate's business and participation in this race, often dubbed the "Everest of Sailing".
"We will use the opportunity to further unite our global team of three business lines, all of whom will have a presence in Australia in 2005, creating an unrivalled synergy in the Real Estate Sector across Investment Management, Finance and Development," he said.
