UPDATE 1-Dawnay Day Treveria cuts ties with Dawnay Day

* Changes name to Treveria Plc

* Says will not seek equity from third party

* Expects to hold talks with creditors

(Adds details)

LONDON, Dec 3 (Reuters) - British property investment company Dawnay Day Treveria DTR.L said on Wednesday it has severed links with the collapsed Dawnay Day group, appointing a new investment manager and changing its name to Treveria Plc.

The sprawling Dawnay Day financial conglomerate, which owned and managed over $10 billion in property assets and financial services companies, called in administrators over the summer after margin calls forced it to sell a stake in F&C Asset Management (FCAM.L) at a steep loss.

Treveria, whose portfolio was valued at 2.2 billion euros ($2.79 billion) at June 30, said on Wednesday it had decided not to go ahead with plans to raise equity from a third party, but instead to focus on prudent cash and debt management.

It said most of its debt facilities are close to the upper limit of their covenants but that it intends to engage in dialogue with its creditors to resolve this.

Fellow AIM-listed property company Sirius Real Estate (SRET.L) cut its ties to Dawnay Day earlier this year. (Reporting by Victoria Bryan)