Vastned Belgium has received a fairness opinion on its reverse cross-border merger with Vastned Retail

The committee of independent members of the Board of Directors of Vastned Belgium, a listed Belgium-based company, has obtained a fairness opinion in the context of a cross-border reverse merger with Vastned Retail, a listed Netherlands-based company.

Vastned Retail is the parent company of Vastned Belgium. Based in the Netherlands and listed on Euronext Amsterdam, Vastned Retail focuses on retail real estate assets located in European city centers. The company operates across the Netherlands, Belgium, France and Spain. Vastned Retail’s real estate portfolio is tailored to a wide range of retail end-markets, with a focus on inner-city stores for major brands. The company attracts a broad range of tenants, including those in the fashion, supermarket, homeware and food and beverage sectors.

Vastned Belgium is a real estate investment trust (REIT) listed on Euronext Brussels. Vastned Belgium focuses on retail real estate assets located in the inner-city areas of popular cities in Belgium, including Brussels, Ghent, Antwerp and Bruges. Vastned Belgium’s real estate portfolio targets a wide range of retail markets, such as fashion, personal care, homeware and food and beverage.

Oaklins’ team in Belgium assisted the committee of independent directors on the Board of Directors of Vastned Belgium by providing a fairness opinion on the exchange ratio of the public exchange offer for Vastned Retail shares.