A new listed real estate company joins the Amsterdam stock exchange and one leaves this week after shareholders of Nieuwe Steen Investments (NSI) backed the proposal to merge with VastNed Offices/Industrial. As announced earlier, the combined company, to be called NSI, will manage a western European portfolio of retail and office properties valued at EUR 2.3 bn.
A new listed real estate company joins the Amsterdam stock exchange and one leaves this week after shareholders of Nieuwe Steen Investments (NSI) backed the proposal to merge with VastNed Offices/Industrial. As announced earlier, the combined company, to be called NSI, will manage a western European portfolio of retail and office properties valued at EUR 2.3 bn.
Vastned Offices/Industrial's shares will be delisted from the Amsterdam exchange on Tuesday 11 October. NSI and VastNed O/I expect to complete the merger on 14 October 2011 which will result in the combined company trading on the exchange as NSI.
Johan Buijs, CEO of NSI: 'We are now looking forward to managing this new leading Dutch mixed real estate company with a well-balanced portfolio of approximately EUR 2.3 bn, mainly in offices and retail, allowing us to effectuate the potential of our combined portfolio and benefit from its advantages of scale.'
