Dutch real estate funds, VastNed Offices/Industrial and Nieuwe Steen Investments, have agreed to merge operations to form a new mixed fund, GlobeSt reports. The combined group will have $3.4 billion in assets under management. As per the deal, VastNed shareholders will get 0.897 NSI shares for each of its share. The merged group also seeks to rebalance combined holdings in Switzerland, Belgium and in Netherlands.

Click here for the story from GlobeSt.