Syntrus Achmea’s purchase of a Dutch high street retail property portfolio has collapsed.

The confirmed confirmed that talks with Ronny Rosenbaum’s RJB Group have ended, with a deal to buy the assets for a group of international and domestic capital no longer considered viable.

Discussions have not resulted in an agreement, and negotiations have ended, the company said.

The Dutch investment manager was last year reported as the favourite to acquire the property portfolio for as much as €1.5bn.

Syntrus Achmea sought the backing of a group of institutional investors, including domestic and international capital, according to a source close to the deal at the time.