Invista Real Estate Investment Management Holdings is in discussion with its management consortium to sell is asset management arm, Financial Times reports. The business, part of Lloyds Banking Group’s property fund group, will be acquired by the group led by firm’s CEO, Duncan Owen.
The transaction will partially internalize the management of the two trusts, Invista Foundation Property Trust and Invista European Real Estate. The financial details of the transaction have not been disclosed.
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