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Vastned Retail Belgium shareholders vote to give up REIT status

Vastned Retail Belgium shareholders approved the retail real estate investment trust's decision to revoke its REIT status and convert into a specialized real estate investment fund, in connection with its pending takeover by Vastned Retail NV.

Vastned Retail still needs to meet the 90% acceptance threshold on the takeover offer, with the acceptance period running until June 1.