Dutch pension fund PGGM has said it is not part of the consortium making a hostile bid for property fund Vastned Retail. Last week IEF Capital, a joint venture of Bouwfonds Asset Management and Inflation Exchange Fund (IEF), indicated it will persist with its EUR 1.15 bn bid to acquire VastNed Retail, despite the latter's rejection of the offer.
As Ares completed a €325 mln French logistics acquisition from Blackstone, another French portfolio came onto the market.
