Invista Foundation Property Trust (IFPT) said its net asset value fell to £379mln (EUR 480mln) in the first quarter of 2008 from £412mln at end-December 2007 following a decline in UK commercial property capital values. On a per-share basis, NAV fell 7.9% to 108 pence in the first quarter, contributing to a 24% decline in its NAV per share in the 12 months ending 31 March 2008.
Private asset management company Kryalos has completed the acquisition of a light industrial property in Rome, through its Mars fund.
