Split-cap property trust Real Estate Opportunities has recruited a former law lord to help it with a possible case against Aberdeen Asset Management.
REO, which lost £165m while its assets were being managed by AAM, has taken on Lord Browne-Wilkinson.
Reporting its results for the year to December, REO – which has written off most of its non-property investments – said there was a rise of 33% in NAV per share, from 36.3p to 48.3p.
REO has a £615m Irish and UK property portfolio, now managed by Invesco.
References: EGi News 08/04/04
