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- Nordics Property Breakfast
31 May 2012
Frankfurt am Main, Germany
Upcoming Events
- Property Debt Breakfast
20 June 2012
London
Netherlands' FBI fund VastNed Retail raises e76m new equity for investment
Dutch REIT/FBI VastNed Retail has raised e75.6m through an accelerated bookbuild offering of 1.7m new shares at a price of e45.50. The proceeds will be used to strengthen the financial position, and enable it to act swiftly to take advantage of attractive acquisition opportunities in investment markets. Its share was last trading just below e45. "The present retail property markets do not allow you to sit still," said CEO Reinier van Gerrevink. "Next to selling non-core properties, it is also time to look ahead and improve our property portfolio by taking opportunities in investment markets."