VastNed Retail N.V., a property investment company specialised in retail properties in good locations in the Netherlands, Germany, France, Spain, Portugal, Belgium and Italy (the Eurozone), has realised sales in the Netherlands to a total of approximately EUR 58 million, to a number of Dutch private investors. This is in excess of the last appraisal value of the properties. The sales concern some twenty properties, mainly located outside the Randstad. These divestments are the consequence of the previously announced circulation of the Dutch property portfolio, which is aimed at bringing the balance sheet ratios to a more desired level, and is in line with the objective of a more balanced spread throughout the countries in which investments are made.
