Financial Times FT.com

Invista in £60m capital raising

By Daniel Thomas, Property Correspondent

Published: November 16 2009 07:06 | Last updated: November 16 2009 07:06

Invista, a UK- and Luxembourg-listed trust that owns a €540m (£483m, $808m) European property portfolio, is to raise close to £60m to help pay down a large tranche of debt and extend facilities on more attractive terms.

The capital raising is the first of its type in the continental European investment-trust sector since the credit crunch hit.

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