RBS’s West Register and Invesco to wind up £207m listed trust
Fund manager Invesco Real Estate and West Register – the property management company within Royal Bank of Scotland – today said that they had agreed to liquidate a heavily indebted listed property company before 2014.
The Invesco Property Income Trust has £207m of assets in the UK and Europe, and £201m of debt provided by RBS. Attempts to reduce the trust’s loan to value ratio and put the company back on a stable footing have failed, and now the debt has been extended to 2014 to allow Read more [...]