F&C will merge its property asset management business with REIT to form a new brand F&C REIT, which will hold a combined £8.5bn of assets under management.
F&C will be the majority owners of the new entity, with a 70pc stake, with the owners of REIT to hold the remaining 30pc share. In addition, F&C will pay the owners of REIT consideration of £25m cash and...
Smashed initial target
Since November 2008
Share issue oversubscribed
PARTNER INSIGHT: For many advisers, outsourcing to a multi-manager or discretionary fund manager makes sense, allowing them to focus on the adviser-client relationship
Events, information and other services