Dutch-listed property fund Vastned Retail has announced that the parties bidding for its shares as well as parts of its portfolio will have additional time to finalise their offers. The board of management said further announcements are expected by the middle of March, while emphasising that the statement was not a guarantee that any definitive offers would follow.
Dutch-listed property fund Vastned Retail has announced that the parties bidding for its shares as well as parts of its portfolio will have additional time to finalise their offers. The board of management said further announcements are expected by the middle of March, while emphasising that the statement was not a guarantee that any definitive offers would follow.
A 6% increase in the value of its investment property portfolio in the fourth quarter of 2007, which brought the portfolio's total value to an estimated EUR 2 bn, prompted the company's board to reject a previous EUR 1.15 bn takeover bid by IEF Capital, a joint venture of Bouwfonds Asset Management and Inflation Exchange Fund (IEF).
