Vastned invests in the best property in the popular shopping areas of selected European cities with a historic city centre where shopping, living, working and leisure meet. Vastned's property clusters have a strong tenant mix of international and national retailers, food & beverage entrepreneurs, residential tenants, and office tenants. The property portfolio had a size of approximately € 1.44 billion as at year-end 2021.
City centres of larger European cities are attractive due to the positive demographic growth, strong purchasing power, cultural heritage, tourist appeal and the presence of national and international institutions and universities.
Vastned focuses on cities that it considers to be and remain ‘winning cities’. These cities offer a unique experience through authenticity, a wide variety of shopping and leisure opportunities, as well as many innovations that are driven by urbanization trends and increased demand for sustainability, inner-city services and convenience. Vastned’s properties connect people and experiences, increase ‘the beating heart’ of cities, contribute to safe and livable neighborhoods and the well-being of its inhabitants and visitors. Vastned is about connecting real estate to society.
The portfolio of Vastned consists of high street retail assets as well as other good quality inner-city mixed-use properties, including restaurants, cafes & bars, fast food & take-away formula’s, supermarkets, apartments and offices with attractive and stable returns. In Belgium, Vastned also owns high quality assets on well-located retail parks outside of some city centers.
Vastned is a publicly listed company that focuses firmly on maintaining its excellent operational performance and executing its strategy, including maintaining an efficient organization, conservative financing, and realizing stable and predictable long-term results.