Acquisition high street shops Bordeaux
Pan-European retail property fund VastNed Retail enters Bordeaux with the acquisition of a prime high street property portfolio. The transaction represents an investment of some € 30.6 million.
VastNed Retail is a pan-European NYSE Euronext-listed retail property fund that focuses on high street shops in its core countries: the Netherlands, Spain, France, Belgium and Turkey. The value of the investment properties as at end of March 2011 was approx. € 2.0 billion, of which 55% were high street shops.