Profile
Vastned is a listed European retail property fund with a focus on ‘Venues for Premium Shopping’. Vastned is listed on the NYSE Euronext Amsterdam (AMX) and at the end of 2012 had a market value of approximately € 623 million.
Vastned invests in real estate in the following countries: the Netherlands, France, Belgium, Spain, Portugal and in Istanbul, Turkey. The focus is on the so-called ‘high street shops’. These are the best possible retail properties on the most popular high streets of historical city centres that together offer a unique shopping experience through authenticity and drawing power. In addition, Vastned owns attractive shopping centres and retail warehouses. Vastned’s tenants are especially strong, leading national and international retail brand names. The size of the property portfolio is approximately € 2.0 billion.
Vastned’s strategy focuses on quality, stability and predictability. It wants to offer shareholders a stable and predictable dividend. As part of its strategy, Vastned pursues a conservative financing policy in which it aims for a loan-to-value ratio of 40% – 45%. Vastned employs a total of 78 FTEs at year-end 2012.
The current portfolio of Vastned consists 513 properties in the Netherlands, France, Spain, Belgium and Turkey, with an average size of €3.9 million. The portfolio on December 31, 2012 represented a value of €2.0 billion. High street assets count for 55% of Vastned’s portfolio:
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Division per country per 31 December 2012
The composition (in %) of the real estate portfolio is as follows:
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Percentages per December 31, 2012
A mix of high street retail property, leading shopping centers and attractive retail warehouses, aiming for a weighting (in %) of:
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Percentages per December 31, 2012