Dutch-listed property fund VastNed Retail has announced an increase of over 6% in the value of its investment property portfolio over the final quarter of 2007. As a result, the company has said it expects a fourth quarter indirect investment result of around EUR 4.80 per share. The figures are based on the results of external appraisals at year-end 2007 in accordance with IFRS regulations.
As Ares completed a €325 mln French logistics acquisition from Blackstone, another French portfolio came onto the market.
