• NSI became a large shareholder in Intervest Offices & Warehouses (“IOW”) via the merger with Vastned Offices in 2010 
  • IOW is a listed Belgian REIT investing in Belgian logistics properties and office buildings
  • Through the secondary placement NSI reduced its stake in IOW from 50.2% to 15.2%
  • Kempen & Co acted as Joint Global Coordinator and Joint Bookrunner in the transaction