Invista Real Estate Investment Management Holdings (INRE)

Invista Real Estate Investment Management Holdings (INRE)

Invista Real Estate Investment Management Holdings (INRE) - Expects to meet Forecasts

Invista Real Estate Investment Management Holdings said it expects to report first-half results in line with board forecasts, but added the outlook for investments in the UK commercial market remains poor and will continue to hurt some of its funds under management.

'Continental Europe has so far remained robust with flat valuations but we expect downward movement in some parts of the eight markets in which our funds invest, although France and Germany may hold up relatively well,' it said in a trading statement.

Assets under management as at end-May were £8.2bn, 6% lower than at Dec. 31 2007. Performance fees amounting to £1.7m were received in the first half. Invista added it does not anticipate any further performance fees being received for the rest of the year.

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