Vastned invests in selected cities in Europe with a clear focus on the best retail property in the most popular shopping streets in the bigger cities. Vastned's tenants are strong and leading international and national retail brands.
Long-term value creation
By investing in historic city centres Vastned contributes to the preservation of the cultural heritage in these city centres. Vastned also provides a positive contribution to the liveability and safety in city centres by creating and renovating residential space above retail units. In this way, the company endeavours to create long-term value for its shareholders, tenants, employees and society as a whole.
At year-end 2019, the value of the portfolio was approximately € 1.6 billion and comprised for 83% of high street retail assets in larger European cities. The remaining part of the portfolio consists of the high-quality Belgian ‘baanwinkels’, supermarkets and high street shops in smaller cities, mainly in the Netherlands and Belgium.
Organisation and financing
Vastned’s team numbers 41 employees divided over four European cities. Working together intensively they execute the strategy in a hands-on and pragmatic way with the objective of continually enhancing the quality of the portfolio.
Vastned’s financing strategy is conservative and riskaverse, aiming for a loan-to-value ratio of between 35% and 45%.