Listed Dutch property groups VastNed Offices/Industrial (VNOI) and Nieuwe Steen Investments (NSI) have resumed discussions about a possible merger. Both companies stressed there was no certainty that the talks would lead to a transaction.

The pair formally opened merger negotiations at the start of February but the process broke down within days. NSI initially approached VNOI in December 2010 about the potential merger which, if carried out, would create a company with about EUR 2.4 bn of property in the Netherlands, Belgium, France, Germany and Switzerland.