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Deal or Case news
On 16 May, Vastned Retail and Vastned Belgium announced that they have entered into a merger protocol for a reverse cross-border merger whereby Vastned Retail would merge with and into Vastned Belgium.

The combined company will be called ‘Vastned’ and will trade on Euronext Brussels and Euronext Amsterdam. The merger is expected to become effective on 1 January 2025, subject to shareholder approval and other customary conditions. The combined market capitalisation is approximately EUR 500 million, and the combined property portfolio amounts to approximately EUR 1.3 billion.

We are pleased to act as a trusted advisor to our long-standing client Vastned Retail in this important milestone in their strategic reorientation.
Stefan Wissing, M&A partner

“This simplification of the organisational and governance structure, combined with optimised debt financing and a high-quality property portfolio, positions Vastned well for accretive growth and value creation”, says M&A partner Stefan Wissing.

The Benelux team led by Stefan included Paul van der Bijl, Geert Raaijmakers, Thari van den Berg, Daan Hagelstein and Hugo Blom (Corporate M&A Netherlands), Philippe Remels and Olivier van Wouwe (Corporate M&A Belgium) and Arjan Pors and Huub Verschoor (Finance).

About the Vastned Group
The Vastned Group comprises a Dutch publicly listed property company (Euronext Amsterdam: VASTN) and a Belgian public regulated real estate company (Euronext Brussels: VASTB). The Vastned Group focuses on the best property in the popular shopping areas of selected European cities with a historic city centre where shopping, living, working and leisure meet. The Vastned Group’s property clusters have a strong tenant mix of international and national retailers, food & beverage entrepreneurs, residential tenants, and office tenants. The Vastned Group’s property portfolio had a value of EUR 1,373 million as at 31 December 2023.

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