31 Gresham Street, London EC2V 7QA
Tel: +44 (0)20 7658 6000 Fax: +44 (0)20 7658 3960
www.schroderproperty.com
Press Release
Schroder Property wins £600 million of new assets 16 January 2012
Schroder Property announces the completion of its appointment
to manage investment portfolios on behalf of the Invista
Foundation Property Trust (IFPT) and the Equitable Life
Assurance Society (ELAS). The combined gross asset value of
the two portfolios is approximately £600 million. A team of 8
property professionals from Invista will join the Schroder
Property team from today.
Duncan Owen, previously the CEO of Invista Real Estate
Investment Management (IREIM) joins as Head of Property Funds
reporting to William Hill, Head of Property. Duncan's role
will include responsibility for product and product
development. He will also work closely with William Hill on
general business development. Nick Montgomery will continue
to be responsible for the day to day management of the IFPT
and ELAS portfolios and joins the UK Fund Management team
which reports to Neil Turner, Head of Property Fund
Management.
Other senior members of the team include Melinda Knatchbull
who joins the fund accounting division and Andrew McDonald
who will continue to report to Nick Montgomery.
William Hill, Head of Property, will Chair both the IFPT and
the ELAS Investment
Committees.
William Hill, Head of Schroder Property, comments:
"Schroders manages a number of investment trusts and adding a property investment trust to the range has been a business objective for some time. We believe the property investment trust sector has the potential to grow substantially in a savings market that is demanding both yield and liquidity.
Schroder Property Investment Management Limited
31 Gresham Street, London EC2V 7QA
Tel: +44 (0)20 7658 6000 Fax: +44 (0)20 7658 3960
www.schroderproperty.com
"Our immediate focus is working with the board of IFPT to implement the company's strategy of delivering long-term value to its shareholders."
For further information, please contact:
Estelle Bibby, Schroders +44 (0)20 7658 3431 /estelle.bibby@schroders.com
+44 (0)7770 496163
Schroders has managed property funds since 1971 and has £9.5
billion (EUR 11.0 billion / US$14.7 billion) of gross
property assets under management (at 30 September
2011) and has over 90 property staff located in 9 offices
across Europe.
All of the property funds referred to are unauthorised
collective investment schemes as defined in the Financial
Services and Markets Act 2000. Promotion of these funds is
restricted and access to full information about these funds
is only available to those exempt from the restriction.
For further information about Schroders' property business
visit www.schroderproperty.com
Schroders is a global asset management company with billion
£182.2bn (€211.6 billion, $283.9 billion) under management as
at 30 September, 2011. Our clients are major financial
institutions including pension funds, banks and insurance
companies, local and public authorities, governments,
charities, high net worth individuals and retail
investors.
Further information about Schroders can be found at
www.schroders.com or on
Schroders Talking Point www.schroders.com/talkingpoint.
Schroder Property Investment Management Limited and Schroder
Investment
Management Limited are authorised and regulated by the
Financial Services Authority.
Issued by Schroder Property Investment Management Limited.
Registration no.
1188240 England.
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