Vastned launches share buy-back tender offer for up to € 50 million
Completion of divestment Turkish portfolio
11 April 2017 - Vastned, the listed European retail property company focusing on venues for premium shopping, announces the completion of the divestment of the Turkish portfolio and is launching a tender offer for Vastned ordinary shares for up to € 50 million in cash.
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Vastned is a listed (Euronext Amsterdam) European retail property fund focusing on venues for premium shopping. Vastned invests in selected cities in Europe and in 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.