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Posted by: | Posted on: September 4, 2021

Property trust FCPT hires firm to manage portfolio on lower fee

first_img KCS-content Share Thursday 16 September 2010 8:46 pm Tags: NULL PROPERTY investment trust FCPT has decided to re-hire F&C REIT to manage its portfolio, after considering changing managers in June in the wake of a failed takeover. F&C REIT has lowered its fees in order to retain the contract to manage assets worth £620m, which was thrown into doubt when FCPT owner Ignis failed to convince smaller shareholders of a merger with F&C REIT. People familiar with the deal said other firms had approached FCPT over the summer, but that F&C REIT had been retained without resorting to a beauty parade.FCPT deputy chairman Chris Russell told City A.M. the news should end talk of another takeover bid: “If a deal with this kind commercial logic has failed, then I think today’s agreement must close the door to future approaches in the near term – though you can never say never.” Property trust FCPT hires firm to manage portfolio on lower fee Read This Next’A Quiet Place Part II’ Sets Pandemic Record in Debut WeekendFamily ProofHiking Gadgets: Amazon Deals Perfect For Your Next AdventureFamily ProofBack on the Rails for Summer New York to New Orleans, Savannah and MiamiFamily ProofYoga for Beginners: 3 Different Types of Yoga You Should TryFamily ProofAmazon roars for MGM’s lion, paying $8.45 billion for studio behind JamesFamily ProofIndian Spiced Vegetable Nuggets: Recipes Worth CookingFamily ProofTortilla Mango Cups: Recipes Worth CookingFamily ProofWhat to Know About ‘Loki’ Ahead of Disney+ Premier on June 9Family ProofCheese Crostini: Delicious Recipes Worth CookingFamily Proof Show Comments ▼ whatsapp whatsapplast_img read more