Vastned divests 19 retail assets in France
Vastned, the listed European retail property fund focusing on venues for premium shopping, has sold a portfolio of 19 shops in France for approximately € 13.4 million to FONDIS, a fund managed by AEW Europe.
Vastned is a listed European retail property fund focusing on venues for premium shopping. Vastned invests in selected geographical markets in Europe and Turkey, with a clear focus on the best retail property in the most popular shopping streets in the bigger cities (high streets). Vastned also owns attractive shopping centres and retail warehouses. Its tenants are strong and leading international and national retail brands. The property portfolio has a size of approximately € 2.0 billion.