Netherlands-listed property company Vastned Retail has announced the signing of an exclusivity agreement with IEF Capital regarding its indicative bid. The six-week exclusivity period began Monday 28 April. IEF Capital, a joint venture of Bouwfonds Asset Management and Inflation Exchange Fund (IEF), had attempted a hostile takeover of Vastned at the end of 2007 but its EUR 1.15bn bid was rejected as too low.
CDC Investissement Immobilier, the real estate asset management subsidiary of French financial institution Caisse des Dépôts, has inked a strategic partnership with Covivio in Germany.
