Palmer Capital acquires Invista real estate investment management
Palmer Capital Investors has confirmed the agreement to acquire Invista real estate investment management holdings.
In a statement, the company confirmed that the entire issued and to be issued share capital of Invista is valued £39.67m.
Invista Group manages investments in commercial property assets in the UK, Europe and Asia and has assets under management of £749m, as at the end of 2011.
Palmer Capital Group is a privately owned real estate investment manager and venture capital business, with offices in London, Hong Kong and continental Europe.
Palmer Capital was incorporated on June 1, 2012, as a wholly-owned unit of Palmer Capital Investors for the purpose of making the offer.
“This will be a major acquisition that will help us to grow our team and brings us further assets under management in the UK, Europe and Asia. We are really excited by the prospect created by a combined business,” said Alex Price, chief executive of Palmer Capital.