Vastned's private placement of 350,000 Intervest Retail shares successful
Vastned, the European listed retail property fund focusing on venues for premium shopping, has successfully sold 350,000 shares Intervest Retail NV (“Intervest Retail”) with a profit of over € 2 million through a private placement. The shares represent 6.9% of Intervest Retail’s share capital.
About Vastned Retail
Vastned is a European listed (NYSE Euronext Amsterdam) retail property fund focusing on venues for premium shopping. It invests in selected geographical markets in Europe and Turkey, concentrating 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.
About Intervest Retail
Intervest Retail, a public property investment fund under Belgian Law, listed on NYSE Euronext Brussels, invests exclusively in Belgian commercial real estate, focusing primarily on inner-city locations in prime locations, retail warehouses and shopping centres. At present the portfolio is made up of circa 289 leasable units, spread over 94 different locations. The investment policy is based on commercial real estate, with respect for criterions of risk spread in the real estate portfolio, relating to the type of building as well as to the geographic spread and the sector of the tenants. Intervest Retail is characterized by its high dividend yield and healthy financial str