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Invista to Lose Management Contract for Lloyds Real Estate Funds

Invista Real Estate Management Holdings Plc, the U.K.’s largest publicly traded property asset manager, said Lloyds Banking Group Plc is to end Invista’s contract to oversee 2.4 billion pounds of assets for its HBOS unit. Invista managed 5.4 billion pounds of assets at June 30, it said in a statement today.

To contact the editor responsible for this story: Peter Woodifield at pwoodifield@bloomberg.net

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