IEF Capital, a joint venture of Bouwfonds Asset Management and Inflation Exchange Fund (IEF), said on Wednesday it will persist with its EUR 1.15 bn bid to acquire property fund VastNed Retail, despite the latter's rejection of the offer. On Tuesday, VastNed Retail dismissed the bid, which amounts to EUR 70 per share, as 'substantially below the true value of VastNed Retail shares'.
As Ares completed a €325 mln French logistics acquisition from Blackstone, another French portfolio came onto the market.
