Invesco Property Income trust remains in negotiations
Invesco Property is still in negotiations as it has not yet recognised the boost provided by the market rally.
Invesco Property Income Trust's board remains in negotiations regarding its breached banking facility, as it is yet to recognise the benefits of the market rally on its assets.
Speaking to the Financial Times, manager of the group Rory Morrison stated that he is pleased with regular income that is being generated by the portfolio, despite the trust's UK collection falling by 6.8 per cent in the six months to the end of September.
"We continue to prioritise active asset management and resulting from those efforts, have managed in a number of cases to remove tenant break options or extend leases," he stated.
Mr Morrison added that he expects the trust's situation to improve in the future as Invesco is beginning to benefit from investors slowly starting to take bigger risks on non-prime assets.
Last week, the Guardian reported that the Daily Mail & General Trust may be set to return to the acquisition market, after chief executive Martin Morgan stated the company may look to strengthen the business through acquirements.