Columbia Threadneedle Investments to acquire MAG Investment Assets.

Columbia Threadneedle Investments, a global asset management group, agreed to acquire MAG Investment Assets, a real estate investment company. Financial terms were not disclosed. "Realising value from our non-core property portfolio to invest in our core growth areas has been a key component of our growth strategy for a number of years. The current process began prior to the impact of Covid-19 and we are pleased to complete this sale despite these challenging circumstances, complementing MAG's financial response to Covid-19. We wish the new owners every success and are confident that the property portfolio and development interests will continue to flourish and support the local economy as we focus on continued growth at Manchester, London Stansted and East Midlands airports," Charlie Cornish, MAG CEO.