Update to Timetable (5258U)
2011年12月23日 - 12:45AM
RNSを含む英国規制内ニュース (英語)
TIDMIFD
RNS Number : 5258U
Invista Foundation Property Tst Ltd
22 December 2011
22 December 2011
Invista Foundation Property Trust Limited
Update to timetable for transition to new Investment Manager
On 31 October 2011, the Board of Invista Foundation Property
Trust (the "Company") announced that it had signed anInvestment
Management Agreement (the "IMA") with Schroder Property Investment
Management Limited ("Schroders"), with the appointment of Schroders
to manage the Company's portfolio due to take effect upon certain
conditions being satisfied. These included consent from the
Company's lenders (i.e. note-holders of the securitised facility),
the termination of the existing contract with Invista Real Estate
Investment Management ("IREIM") and the recruitment by Schroders of
certain individuals currently employed by IREIM who have been
directly involved with the management of the Company's portfolio in
the past and who are therefore familiar with the key asset
management initiatives which are under way.
On 1 December, the Company confirmed that good progress had been
achieved towards satisfying the various conditions above and that
it expected consent from the lenders to be concluded in late
December 2011 or early January 2012. The company can now confirm
that consent has today been received from the note holders with
unanimous support for the resolutions and the change of manager to
Schroders. The final transition of the contract and key personnel
from IREIM to Schroders will now take place early in January
2012.
The Company's portfolio continues to be actively managed by the
IREIM team, who are also liaising closely with Schroders where
necessary to ensure the final transition takes place smoothly and
without disruption to the various asset management initiatives
which are in hand.
- ends -
For further information, please contact:
Numis Securities Limited Tel: 020 7260 1000
Heraclis Economides
David Benda
FTI Consulting Tel: 020 7831 3113
Stephanie Highett
Invista Real Estate Investment Management Tel: 020 7153 9323
Ltd
Duncan Owen
Schroder Property Investment Management Tel: 020 7658 6752
Limited
William Hill
This information is provided by RNS
The company news service from the London Stock Exchange
END
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