UK fund manager New Star Asset Management, which manages the New Star UK Property Unit Trust, cut its final 2007 dividend to 5 pence from a previous 9 pence per share, as it pointed to the uncertain market situation and its desire to maintain its financial position.
Swiss real estate group Investis has boosted its real estate holdings with the CHF 139 mln (€149 mln) purchase of prime residential properties in Vaud canton.
