Vastned

Sole Financial Adviser

Kempen & Co acted as Sole Financial Adviser to Vastned in successfully completing an extension of credit facilities to September 2025. By doing so, Vastned increases the duration of €200 million in existing facilities by one year. The conditions of these facilities remain unchanged during the agreed extension period, allowing Vastned to continue to benefit from a cost of debt which was locked in at attractive rates

Transaction highlights

Vastned has successfully completed a twelve month extension of credit facilities, thereby increasing the duration of €200 million in existing facilities to September 2025
The facilities’ terms and conditions remain unchanged during the agreed extension period, thereby locking in an attractive rate for the extended facilities
This transaction reduces Vastned’s maturities in 2024 by almost 40%
Kempen & Co assisted Vastned in the dialogue with its lenders and managed the overall process management and closing of the transaction
Kempen & Co acted as sole financial adviser to Vastned

About Vastned

Vastned is a listed European retail property company with assets in the Netherlands, France, Spain and Belgium
The company invests in selected cities in Europe with a clear focus on the best retail property in the most popular high streets of selected European cities with a historic city center
Vastned’s property clusters have a strong tenant mix of international and national retailers, food & beverage entrepreneurs, residential tenants, and office tenants. The total property portfolio had a value of approximately €1.5 billion on 30 June 2022

Kempen & Co Real Estate credentials

Kempen & Co has advised on more than €105bn real estate transactions across 15 different countries in Europe. Since 2020 to date, Kempen & Co advised on >110 transactions across different countries, representing a total deal value of >€30bn in a challenging and unprecedented pandemic environment
This transaction marks our fifth Debt Advisory transaction this year in European Real Estate as we continue to support our clients active in the sector