The basis of the strategy is quality. Vastned focuses on the best property for mixed-use in the popular shopping areas of selected European cities with a historic city centre. Vastned invests in retail properties that attract different types of tenants and where there is potential to create apartments or offices above the shops. The objective is to generate long-term stable and predictable results and to contribute to preserving cultural heritage and to the liveability and safety of these historic city centres. Historical data show that favourable developments take place in these historic city centres. The focus on these areas and the ambition to expand this portfolio offers an attractive perspective for Vastned.
Focus on quality
Vastned focuses on quality of the portfolio, quality in cash flows, maintaining quality in financing and continuous attention to the quality of the organization. Vastned aims to have a loan-to-value ratio at the maximum level of 40% in the long term and to achieve further diversification in the loan portfolio.
In addition to high street retail assets in larger European cities, Vastned also owns other high-quality real estate, such as the Belgian 'baanwinkels', well-located supermarkets, apartments and offices with a good and stable return.
Attraction of larger European cities with a historic city center:
- A positive demographic growth;
- Strong purchasing power;
- Cultural heritage;
- Tourist appeal; and
- The presence of national and international institutions and universities.
Vastned aims to create clusters in these cities so that it can provide retailers with a broad range of properties in these premium cities.
An organisation with a tenant-centric approach
Key in the Vastned company structure and culture is the high quality asset- and service offering for tenants. Vastned puts its tenants at the center; whether it concerns the range of services, including the high quality standards for the maintenance of the property and its immediate surroundings, or the attractive rental conditions. With its international offering and knowledgeable country management, Vastned has the ability to help develop tenants' business expand to other countries with their international expansion.