Creating
innercity
value

Annual Report 2023

Annual Report 2023

Creating
innercity
value

Property

Vastned at a glance

CEO Message

Reinier Walta – Chief Executive Officer

Dear shareholders, tenants, colleagues and other stakeholders,

Although market circumstances and geo-political conflicts have changed the world in which we operate, Vastned looks back on a year with good operational results. Many new leases have been signed, and we have nearly full occupancy across our portfolio combined with a very strong collection rate and positive like-for-like rental growth.

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Value of the
portfolio 2023

Value of the
portfolio 2023

Value creation
model

The company’s portfolio facilitates the interaction between people in their daily lives and connects them to where they shop, work, live and meet. Through our strategy, we create sustainable long-term value for our stakeholders. The realisation of the added value is presented in the value creation model.

How we
create value

Vastned has embedded environmental, social and governance (ESG) values in its organisational structure and believes this is key to creating long-term value for our stakeholders. In 2023, our strategy was reinforced by further detailing of our ESG pillars. This enhancement underscores our commitment to Environmental Impact, Urban Liveability, and Consumer and Tenant Satisfaction, further strengthening the integration of sustainability into every facet of our business approach.

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Key figures

Property

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View all key figures in our Annual Report.

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Specials

‘Vastned, not the largest but certainly not the smallest property fund’

Geert Wesselink, Senior Director Retail Valuations and Advisory at CBRE

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‘Madrid has experienced strong economic and population growth’

Luis Vila Barrón, Strategic Retail Real Estate Advisor

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‘ERM has been supporting Vastned since early 2021 to make the organisation CSRD compliant by 2026.’

Cedric Bodart, Sustainability Advisor at ERM

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‘Vastned has a tight process in place for financial forecasting’

Jaco Euser, Budget & Planning Manager

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