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IEF Capital N.V. will not pursue a public offer for the outstanding shares of VastNed Retail N.V. More...IEF Capital announces successful completion of the Unibail-Rodamco transaction More...Consortium led by IEF Capital N.V. invited to meet with management board Vastned Retail N.V. More...Consortium led by IEF Capital N.V. prepares offer for real estate fund Vastned Retail N.V. More... More...Archive >IEF Capital announces successful completion of the Unibail-Rodamco transaction | | 16-04-2008 | IEF Capital N.V., a joint venture of Bouwfonds Asset Management and Inflation Exchange Fund, proudly announces the successful completion of the purchase of part of the Unibail-Rodamco Dutch retail portfolio.
The portfolio has a total leasable area of approximately 300,000 m2 and consists of approximately 204 high street shops, 19 smaller shopping centres with a floor area up to 10,000 m2 and an average area of 5,000 m2, 20 supermarket premises and 3 retail parks. The portfolio is well-spread over The Netherlands.
The combined size of IEF Capital portfolio is – post acquisition - approx 3.25 billion Euro. The acquisition is in line with IEF Capital's strategy to expand its real estate portfolio with high quality retail properties as a hedge for its inflation products.
Kroese en Paternotte advised IEF Capital on the commercial aspects in this transaction (including the due diligence). BarentsKrans advised IEF Capital on all legal matters.
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