European retail property fund Intervest Retail has changed its name to Vastned Retail Belgium.
European retail property fund Intervest Retail has changed its name to Vastned Retail Belgium.
The name change has been made to reflect the major shareholder status of European real estate fund Vastned Retail. Vastned Retail holds a 65.5% stake in Vastned Retail Belgium.
Vastned Retail will now adopt the accounting principles of the Vastned Retail Belgium fund with regard to the property portfolios of both entities.
As a result, Vastned Retail will recognise a one-off portfolio revaluation of €18 mln.
