REINIER WALTA BECOMES CFO VASTNED
Rotterdam, 6 August 2014 – Vastned, the listed European retail property company focusing on venues for premium shopping, announces the nomination of Mr Reinier Walta for appointment as Statutory Director and Chief Financial Officer (CFO) as of 1 November 2014. Mr Walta currently works for the Abu Dhabi Investment Authority (ADIA) as Senior Transaction Manager Europe.
The supervisory board nominates Mr Reinier Walta MSRE for the position of CFO of Vastned Retail N.V. for a period of four years. He will succeedMr Tom de Witte, who will leave Vastned after more than eleven years, as announced on 20 March 2014.
Reinier Walta (1974) has worked in the international property market for over fifteen years. After graduating in tax law from Erasmus University Rotterdam, he started his career as a property tax lawyer with PwC. Next, he was Senior Tax Manager for ING Real Estate, where he gained a great deal of experience of acquiring and selling property, structuring international property funds and project development. He moved on to become Director Investor Relations at ING Real Estate Investment Management from 2008 to 2011, with joint responsibility for international product development of property investments with the focus areas legal, tax, compliance and finance. In this position, he was also responsible for relation management with clients and investors.
Over the past three years, as Senior Transaction Manager Reinier Walta was responsible from Abu Dhabi for the execution, structuring and financing of all major property transactions in Europe for the Abu Dhabi Investment Authority (ADIA).
In addition to his education mentioned above, Mr Walta holds a Master of Studies degree in Real Estate (MRSE) from the Amsterdam School of Real Estate.
Reinier's extensive knowledge and experience in the international property sector in conjunction with his tax expertise make him an excellent candidate as CFO. His extensive experience of capital market transactions and investor relations is also highly valuable to us. The supervisory board is convinced that his professional and personal qualities will be a great benefit to Vastned.
Reinier has a reputation as a hard worker and a committed, sincere team player. Those are qualities that Vastned values highly, so we are delighted that Reinier will join our company as CFO.
The nomination will be put to an Extraordinary General Meeting of Shareholders on Monday 24 November 2014 for approval.
Vastned is a listed European retail property company focusing on venues for premium shopping. Vastned invests in selected cities in Europe and Istanbul, with a clear focus on the best retail property in the most popular shopping streets in the bigger cities (high streets). Vastned's tenants are strong and leading international and national retail brands. The property portfolio has a size of approximately € 1.5 billion.