VastNed Retail, the Amsterdam-listed retail property investor facing a hostile bid from IEF Capital, said its direct result in the third quarter of 2007 fell to EUR 15.4 mln from EUR 16.1 mln in the year-earlier period. On a per share basis, the direct result in the quarter declined to EUR 0.92 from EUR 0.95 in the third quarter of 2006.
As Ares completed a €325 mln French logistics acquisition from Blackstone, another French portfolio came onto the market.
