Vastned sells non-core French properties and expands in Dutch high street
Vastned, the European retail property company focusing on venues for premium shopping, has in line with its strategy of focusing on high streets, sold its shopping centre pipeline project Plaisir and four other non-core properties in France for € 12 million at book value. Also in line with its strategy Vastned expanded its position in the Netherlands with the acquisition of three high street shops in the Netherlands.
Vastned is a European retail property fund focusing on venues for premium shopping. It invests in selected geographical markets in Europe and Turkey, whereby Vastned concentrates 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 € 2.1 billion.