Wednesday, August 1, 2007
Invista Real Estate said it expected to cash in on a slowdown in the UK property market
LONDON (Reuters) - Invista Real Estate Investment Management said it expected to cash in on a slowdown in the UK property market as falling returns would distinguish skilled managers from lesser rivals. Speaking to Reuters as the company (INRE.L: Quote, Profile , Research) posted half-year figures on Tuesday, Chief Executive Duncan Owen said he was confident Invista would outperform in a market delivering average returns of between 8 and 9 percent because the double-digit annual returns seen in 2005 and 2006 made it harder for investors to select the best managers.
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