On 28 July 2005 the Group acquired 100% of the issued share capital of Pillar Property PLC. The fair values of the assets and liabilities acquired are detailed below and have been determined on a provisional basis as the Group is currently in the process of finalising the balance sheet as at the date of acquisition.
| £m | |
|---|---|
| Properties | 311 |
| Investment in funds | 680 |
| Fund management contracts – intangible asset | 75 |
| Other assets and liabilities | (23) |
| Net debt | (271) |
| 772 | |
| Deferred tax liabilities | (62) |
| Goodwill | 107 |
| Total consideration | 817 |
