Lloyds Banking Group will pay Invista Real Estate Investment Management (Invista REIM) a total of £3.1 mln for early termination of its fund management activities on behalf of the group, HBOS. The HBOS Funds will be transferred to Lloyds on 6 May 2011, with Lloyds paying Invista £2.6 mln on completion with a further £0.5 mln to be paid in June 2011 subject to certain closing requirements.
Pan-European investor Bowery and real estate investor Alba join forces to acquire their first last-mile logistics asset in the Netherlands.
