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Invista Foundation appoints Schroders amid Picton trust merger prospect

Invista Foundation Property Trust yesterday agreed to appoint Schroder Property Investment Management to manage its portfolio while seperate merger talks with the Picton Property Income Fund continue.
By James Wallace
August 19, 2011 | 12:30 P.M.

Schroders’ appointment has been delayed due to the offer from Picton Property Income Fund, the closed-ended investment company that was formerly the ING UK Real Estate Trust, to merge its £426m fund with Invista Foundation Property Trust.

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