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27 May 2011 11:25

Invista sells warehouse at a discount

Invista European Real Estate said it had sold its warehouse in Fos Distriport, France, to an owner-occupier for €15.5m - a 4.9% discount on the property's March valuation. The proceeds from the sale of the 31,225 square metres warehouse would be used to cut borrowings and further reduce gearing, In

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18 Mar 2011 18:29

Invista Real Estate Management loses another contract

Invista European Real Estate Trust (IERET) has terminated the investment management agreement with Invista Real Estate Investment Management's asset management subsidiary after it failed to agree to buy part of the business. The contract will come to an end on 18 September 2012. There were £463m o

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18 Feb 2011 14:02

Invista European plans debt reduction

Invista European Real Estate is trying to reduce its borrowings by selling properties. Three properties are under offer and they could raise more than €40m. The trust has already realised €100m of property assets in the past two years. Invista ERE has used €347.9m of its €371.3m of bank faciliti

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20 Jan 2011 12:06

Invista in sale talks with management

Invista Real Estate Investment Management has confirmed that it is talking with a potential buyer for part of its asset management business. AIM-quoted Invista is in exclusive negotiations with a consortium of Invista's management, including chief executive Duncan Owen, Invista Foundation Property

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12 Oct 2010 11:54

Invista loses Lloyds contracts

AIM-quoted Invista Real Estate Investment Management Holdings says that it believes it is best to liquidate its assets following the termination of its contract with Lloyds, which account for more than two-fifths of the business. Invista Real Estate was demerged from HBoS in September 2006, when i

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13 Jul 2010 13:36

Invista European Real Estate Sells French Warehouse For EUR2.8M

LONDON (Dow Jones)--Invista European Real Estate Trust (IERE.LN) said Tuesday it has completed the sale of a 5,056 square meter warehouse property in Cabries, France, for a total consideration of EUR2.75 million, to local distribution company Transport Ottaviani. MAIN FACTS: -The total sale

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31 Mar 2010 16:27

BP non-exec increases stake

On Monday, BP non-executive director George David acquired 18,815 ADSs in the oil and gas giant for $56.89 each, followed by a further 1,185 ADSs at the same price the following day. This equates to 120,000 ordinary shares in total. The equivalent share price is 568.9p. This takes David's stake in

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16 Nov 2009 16:56

London close: Good as gold

Footsie came close to breaching the 5400 barrier, helped by a positive start on Wall Street, but profit taking set in at the end of the session and gains were pared. Much of the blue-chip index's advance was down to mining stocks, which were in demand as metal prices continue to head north. Lonmi

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16 Nov 2009 16:37

Invista refinances, raises cash

Real estate trust Invista European is to raise in the region of £58.27m by means of a firm placing and an open offer of shares. The company will issue 145.69m new ordinary shares at 20p each and 29.14m 9% preference shares with a seven year duration, at 100p each. Each preference share will come

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