Internos takes on French mandate

Internos Real Investors has won a second mandate, from fund manager Invista REIM. Kaupthing Bank appointed Internos to manage the €90m Celsius portfolio and maximise value for bank shareholders after taking over the French assets from the original joint-venture partners, Invista and PropInvest.

Internos has also taken on the six-strong French team that manages the portfolio, which includes 11 logistics, office and industrial assets. Last month Internos took over the management of listed pan-European fund Invista European Real Estate Trust. The staff did not transfer and Internos’s Ludovic Bernard is managing the fund.