Overview
Invista European Real Estate aims to provide shareholders through investing in a diversified commercial real estate portfolio in Continental Europe with the potential for income and capital growth. The geographical focus remains the Western European countries due to the relative stability, transparency and liquidity of these markets.
The fund’s website can be found here.
News
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14 Sep 2015 1 min read
Invista European Real Estate to propose voluntary liquidation
Invista European Real Estate has announced that its mezzanine lender, Islay Investment S.à r.l. (an affiliate of Blackstone Real Estate Debt Strategies) has called for repayment of its mezzanine loans. As Invista is unable to repay the loans, the lender has enforced its security over the entire interests of Invista. The enforcement has followed a […]
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22 Jul 2015 1 min read
The Investment Trust winners and losers in Q2
UK smaller companies funds feature quite prevalently in the lists on the back of a decisive election result in the UK and some funds close to the end of their lives made significant progress during the quarter for stock specific reasons. http://whichinvestmenttrust.com/the-investment-trust-winners-and-losers-in-q2/
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20 Jul 2015 1 min read
UK smaller companies trusts dominate Q2 best-performers
UK small-caps has emerged as the stand-out sector for investment trusts in Q2 2015, according to statistics from QuotedData. The report, published 16 June, showed that UK smaller companies-focused mandates accounted for the majority of best-performing funds in NAV terms for the quarter. http://www.portfolio-adviser.com/news/1023811/uk-companies-trusts-dominate-q2-performers
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16 Jul 2015 1 min read
Small company investment trusts got election boost
Investment trusts specialising in smaller companies were among the top performers of the past few months after a decisive election result improved confidence in the sector, new research shows. But commodity and Asia-focused investment trusts were among the stragglers as investors shunned stocks exposed to an economic slowdown in China or a US rate rise, […]
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13 Jul 2015 1 min read
Invista European mulling fire sale of assets
Invista European says its Strategic Review has included a number of discussions with third parties in order to achieve either a recapitalisation of the Company or a sale of subsidiary undertakings owning the core portfolio. Recently, there has been a tenant default as well as the unexpected exercise of lease breaks which, in the absence of […]
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17 Apr 2015 1 min read
Invista European sells largest investment
Invista European has announced the sale of its largest asset – Campus Heusenstamm, a collection of offices in Frankfurt, Germany. The sale price is €32m which is 22% less than the valuation of the office in its last published net asset value. €1.9m of the proceeds are being kept back to cover possible taxes and […]
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30 Jan 2015 1 min read
Invista European NAV still sliding
Invista European Real Estate has published its results for the year ended 30 September 2014. The net asset value fell again, from 15p to 12p, as property values fell and sales were struck at prices below last valuations. The property valuation fell from €325.6m to €281.8m (partly the result of sales but also a 7.39% […]
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08 Aug 2014 1 min read
Invista European shaves €5m off debt pile with Spanish sale
IERE : Invista European shaves €5m off debt pile with Spanish sale Invista European Real Estate, managed by Ludovic Berard (pictured), has sold a logistics asset in Alovera, Spain for €12.2m. Their plan is to use €7m of the proceeds from the sale to fund capital expenditure that they have planned elsewhere in their portfolio and […]
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30 May 2014 1 min read
Invista European Real Estate Trust : IERE – interims
Invista European Real Estate Trust has published its interim accounts. These cover the six months ended 31 March 2014. The net asset value fell from €0.25 to €0.20 over the period reflecting a 5.3% fall in the value of the company’s property portfolio. Four assets were sold during the period at a 15.6% discount to previous valuation […]
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02 May 2014 1 min read
Invista European Real Estate : IERE – refinances debt
Invista European Real Estate has agreed a new €220m credit facility with Blackstone Real Estate Debt Strategies and has repaid all the money it owed to Cerberus Capital Management / Bank of Scotland. The new facility is priced at 770 basis points over LIBOR and has an initial LTV covenant of 85%. If, by selling […]
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18 Feb 2014 1 min read
Invista European : IERE – sells Czech asset
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31 Jan 2014 1 min read
Invista European Real Estate : IERE – Annual Report
IERE’s Annual Report as at 30 September 2013 shows a fall in NAV from €0.38 to €0.246. They have €100m of property on the block and are working on renegotiating their bank debt. Disposals and new lettings have reduced the vacancy rate on the portfolio from 24% to less than 20%. The debt was reduced […]
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30 Dec 2013 1 min read
Invista European : IERE – secures extension of loan maturity
IERE has announce that Bank of Scotland has agreed to extend the maturity of its loan to IERE until 30 April 2014. Bank of Scotland has sold the loan to Promontoria Holdings and IERE hopes to use this additional time to explore solutions to refinancing the loan with the new owner of the debt.