UPDATE 2-VastNed Retail rejects bid, open to partial offers
(Adds detail, ING Real Estate comment)
AMSTERDAM, March 6 (Reuters) - Dutch property group VastNed Retail (VASN.AS) rejected a bid for the company as too low on Thursday but it would study offers for parts of its portfolio.
VastNed Retail said in a statement it had received bids for its portfolios in the Netherlands, Belgium, Spain, Portugal and Turkey, and indicative offers for its French portfolio.
It would study these and give more information in April, it added.
Last November, it rejected a 70 euro-per-share or 1.15 billion euro ($1.76 billion) offer for the whole company made by IEF Capital, saying it was too low.
VastNed shares reached a high of 69 euros but closed down 1.3 percent at 66.75, underperforming the Amsterdam midcap index .AMX which closed down 0.7 percent.
IEF Capital, a joint venture between Rabobank's [RABN.UL] Bouwfonds Asset Management and Inflation Exchange Fund, said separately on Thursday it would withdraw its bid.
IEF said it had been informed by VastNed Retail that the property company had better alternatives which would be more attractive to shareholders.
ING Real Estate meanhwile is looking for potential takeovers in the Netherlands and finds assets of Dutch property group VastNed Retail (VASN.AS) attractive, the head of its Dutch Investment Management unit told Reuters.
"We are interested in a qualitative expansion of our portfolio," said Hans Copier, country manager for ING Real Estate in the Netherlands.
ING Real Estate, part of Dutch financial services group ING (ING.AS), is the world's biggest property asset manager, managing more than 100 billion euros in property globally.
Copier declined to say whether ING Real Estate has been doing due diligence on VastNed Retail after the property group opened its books to potential bidders last December, but he said he liked its foreign assets.
"They have many good assets, especially outside the Netherlands," said Copier.
In February, VastNed Retail said it had received proposed bids and would grant interested parties more time to make them formal. (Reporting by Alexandra Hudson and Gilbert Kreijger; Editing by Quentin Bryar)
