Vastned Offices/Industrial (VNOI) has said it is to follow-up on merger discussions with fellow Amsterdam-listed international property investor Nieuwe Steen Investments in January.

Vastned Offices/Industrial (VNOI) has said it is to follow-up on merger discussions with fellow Amsterdam-listed international property investor Nieuwe Steen Investments in January.

NSI approached VNOI earlier this month about a potential merger, which, if carried out, would create a company with about EUR 2.4 bn of property in the Netherlands, Belgium, France, Germany and Switzerland.

In initial talks VNOI indicated that it sees the valuation by NSI of VNOI and vice versa as one of the most important issues. This also applies to the valuation by NSI of VNOI's Euronext Brussels listed subsidiary Intervest Offices.