Ashley House plc announced that it has entered into agreements with Invescare Limited. The Ashley House has been appointed as Invescare's Asset Manager and has agreed the sale of an initial tranche of three developments to Invescare. Under the agreement Ashley House will manage Invescare's assets and provide property and financial management to the company. This management arrangement will allow Invescare to operate with minimal overhead yet benefit from Ashley House's significant and successful experience as an asset manager.

Ashley House's revenues from this activity will be initially small but will grow with Invescare's asset base.