Brief: Vastned Retail Expands Core City Assets Portfolio By 37.9 Million Euros

VastNed Retail NV

11/12/2018 07:17

Dec 11 (Reuters) - VASTNED RETAIL NV  VASN.AS :
    * FURTHER EXPANDS CORE CITY ASSETS PORTFOLIO
    * FIRST PROPERTY WAS BOUGHT FOR € 16.0 MILLION INCLUDING
ACQUISITION COSTS
    * VASTNED HAS EXPANDED ITS CORE CITY ASSETS PORTFOLIO OVER
RECENT
MONTHS BY € 37.9 MILLION IN TOTAL
    * TACO DE GROOT WILL BE NOMINATED AT THE AGM FOR
REAPPOINTMENT AS
CEO.
    * THE SECOND PROPERTY PURCHASE PRICE WAS € 12.0 MILLION
INCLUDING
ACQUISITION COSTS.
    * VASTNED NOW HAS SEVEN RETAIL PROPERTIES IN LE MARAIS WITH
A
TOTAL VALUE OF APPROXIMATELY € 85 MILLION
    * SOLD A NUMBER OF NON-STRATEGIC PROPERTIES IN THE
NETHERLANDS AND
FRANCE FOR € 5.3 MILLION IN TOTAL
    * IN MADRID CALLE DE FUENCARRAL 27 WAS BOUGHT FOR € 4.2
MILLION
INCLUDING ACQUISITION COSTS
    * IN AMSTERDAM REGULIERSDWARSSTRAAT 80-84 WAS BOUGHT FOR €
5.7
MILLION INCLUDING ACQUISITION COSTS
    * THE REAPPOINTMENT OF TACO DE GROOT AS CEO OF VASTNED WILL
BE FOR
A FOUR-YEAR TERM

Source text:  https://bit.ly/2RKHefz
Further company coverage:  VASN.AS 

 (Gdynia Newsroom)
 ((gdynia.newsroom@thomsonreuters.com;))