Invista European Real Estate Trust has announced it will raise about £166.2 mln (EUR 240.3 mln) by a public offering of 83.1 million shares at £2 each. The company said it will receive £126 mln and shareholders will get the remaining £40.2 mln.
Invista European Real Estate Trust has announced it will raise about £166.2 mln (EUR 240.3 mln) by a public offering of 83.1 million shares at £2 each. The company said it will receive £126 mln and shareholders will get the remaining £40.2 mln.
Invista European was set up by the Invista team in mid 2005, with initial funding provided by HBOS, as a vehicle for acquiring a portfolio of properties. Invista is one of the largest real estate fund management groups in the UK, with £8bn of assets under management. It currently manages the real estate assets in 15 funds diversified across the retail, office, industrial and residential sectors.
