Fund groups insist that daily-dealing property funds have a place in the market as the suspension of the Janus Henderson UK Property Paif and the Financial Conduct Authority’s liquidity review cast a shadow over the sector. UK property funds have weathered the boom, with sudden market downturns due to theRead More →
Tim Sankey, who joined Border to Coast Pension Partnership as head of property just over a year ago, has left to lead the European segregated accounts practice at the property fund manager AEW. Border to Coast, which is in the process of launching pooled property funds for its 11 LocalRead More →
[ad_1] Real estate fund managers have warned owners of the risk of holding assets stuck in real estate portfolios. Speaking at Schroders’ investment conference in Edinburgh on Tuesday, as COP26 takes place in Glasgow, Schroder Global Cities property manager Tom Walker (pictured) said landowners would find themselves sitting on batteredRead More →
.jpg?v1?source=ftadviser)
[ad_1] Aberdeen Standard Investments (ASI) will merge its Aberdeen UK Property and Standard Life Investments UK Real Estate open-end funds, as well as their feeder funds, after obtaining shareholder approval. The consolidation of the two licensed real estate investment funds (Paifs) follows the merger of Standard Life with Aberdeen AssetRead More →
[ad_1] The pandemic has prompted fund managers to renegotiate rents in some cases and accelerated divestment from subsectors already facing longer-term problems. An estimated £ 6.4bn in rent has gone unpaid following Covid-related business closures, according to the FT, with the ban on evictions of commercial property to remain inRead More →
[ad_1] The pandemic has prompted fund managers to renegotiate rents in some cases and accelerated divestment from subsectors already facing longer-term problems. An estimated £ 6.4bn in rent has gone unpaid following Covid-related business closures, according to the FT, with the ban on evictions of commercial property to remain inRead More →
[ad_1] During this time, the company will return 45.7% of the net asset value of the inc and acc share classes of its UK Property Feeder funds. This follows the closure of funds in May of this year, after more than a year of significant uncertainty over real estate valuations.Read More →
[ad_1] Real estate and index-linked bonds dominated both open and closed-end fund performance charts in July, as investors sought to hedge against rising inflation and pandemic problems. The £ 52.59million Gravis UK Listed Property fund took first place, up 8.19% on the month, while NFU Mutual UK Property Shares andRead More →
[ad_1] So much has changed since the coronavirus pandemic emerged early last year. Remote working, once considered impractical, has become the norm. As economies start to open up and lockdown restrictions relax, companies are still figuring out what their hybrid working models might be. Legal & General Investment Management’s realRead More →
[ad_1] There has been a tectonic shift in the UK commercial property market in recent years, as large companies have reduced their office space and retailers have turned to the internet. While the coronavirus outbreak has proven to be a structural shock to the market, in some areas it hasRead More →
LONDON: Aegon Asset Management has closed its UK Property Income and Property Income feeder funds after failing to raise enough cash to meet redemption requests, it said on Wednesday, following a similar decision taken the month latest by Aviva. Aegon funds were suspended in March 2020, in line with muchRead More →
[ad_1] LONDON (Reuters) – Aegon Asset Management has shut down its UK property income and property income feeder funds after failing to raise enough cash to meet redemption requests, it said on Wednesday, following a similar decision taken last month by Aviva. Aegon funds were put on hold in MarchRead More →
[ad_1] UK open-ended real estate funds have been criticized in the mainstream press for blocking their investors for long periods of time. The liquidity levels of these funds have risen steadily as assets have been sold and two long-suspended funds recently announced that they will reopen before the end ofRead More →
[ad_1] Investors have withdrawn £ 5.6bn from UK property funds over the past two and a half years over fears that the Covid variants will deal another blow to the already besieged property sector. Calastone figures, which track the inflow and outflow of money in the UK from financial advisers,Read More →
[ad_1] British real estate funds should benefit from the reopening of offices, shops and restaurants. And the majority of those funds now allow investors to buy and sell units, having closed last year when the pandemic hit. But the outlook for the sector is still very uncertain after recent proposalsRead More →
[ad_1] In what could be the first domino to fall, Aviva decided to liquidate its open-ended real estate fund, more than a year after suspending activities in the fund. What does this mean for the future of open-ended real estate funds? An option that does not end with the liquidationRead More →
[ad_1] Insurer Aviva has announced that in July it will shut down three UK property funds that have been suspended since March of last year due to market uncertainty as the pandemic hit the UK economy. “During this period of economic uncertainty, it has become increasingly difficult to generate positiveRead More →
[ad_1] (Add background, details, quote, fund size) LONDON, May 20 (Reuters) – Insurer Aviva has announced that in July it will shut down three UK property funds that have been suspended since March last year due to market uncertainty as the pandemic hit the UK economy. “During this period ofRead More →
[ad_1] The Financial Conduct Authority has delayed publication of its conclusion on liquidity mismatch in open-ended real estate funds until the third quarter at the earliest due to uncertainty over operational hurdles to overcome to support notice periods . The regulator said it also wants to take into account inRead More →
[ad_1] Managers of listed real estate vehicles have been spying on the opportunity to signal the benefits of the closed-end structure as two open-ended real estate funds remain frozen and the industry awaits the outcome of the Financial Conduct Authority’s liquidity consultation. Earlier this week, the authorized managing director ofRead More →
[ad_1] Real estate was one of the only asset classes to experience cash outflows amid a record month for UK domiciled funds in November, amid a decisive election in the US and Positive vaccine trial data has boosted investor confidence. In total, the UK fund industry raked in £ 8.3bnRead More →
[ad_1] LONDON (Reuters) – UK property funds which resumed operations after a six-month freeze recorded net outflows of £ 336million in October, the third worst monthly performance on record for the sector, the network said on Tuesday. Calastone fund. Much of Britain’s £ 70 billion real estate fund industry wasRead More →
[ad_1] Large real estate funds are divided as they await investor panic. While some opened their metaphorical doors as soon as they could, others remained suspended as they built up cash reserves to meet expected withdrawal requests. A multitude of open-ended real estate funds had to suspend their transactions inRead More →
[ad_1] A total of £ 5.2bn of UK direct property funds remain on hold without a date set for their reopening despite the lifting of valuation uncertainty clauses which came into effect amid the first wave of the pandemic. coronavirus. In March, in the midst of the Covid-19 lockdown, theRead More →
[ad_1] Aberdeen Standard Investments will reopen its real estate funds next month after “careful consideration”. The fund company announced today (October 19) that it intends to lift temporary suspensions of transactions on its £ 1.6bn Standard Life Investments UK real estate fund and £ 900m Aberdeen UK real estate fundRead More →
[ad_1] LONDON (Reuters) – Canada Life on Thursday reopened its suspended £ 341million UK real estate fund and Savills Investment Management said it partially reopened two funds, as the sector shows new signs of life after a freeze of six month. Much of the UK’s £ 70bn real estate fundRead More →
[ad_1] UK real estate funds have started to reopen after a six-month suspension, with one of the biggest funds in the industry announcing it will allow investors to buy and sell again from next week. Columbia Threadneedle has announced that the £ 1 billion Threadneedle UK property investment fund (andRead More →
[ad_1] St James’s Place and Columbia Threadneedle became the first investment managers to reopen their UK property funds following the easing of foreclosure restrictions, throwing the gauntlet at more than £ 20bn in frozen funds to follow their lead . Several UK real estate funds have suspended operations this year,Read More →
[ad_1] LONDON (Reuters) – Columbia fund managers Threadneedle and St James’s Place SJP.L on Wednesday said they would reopen their suspended UK property funds after UK surveyors said they no longer saw any “material uncertainty” in property valuations, which was a major obstacle to reopening. FILE PHOTO: A person onRead More →
[ad_1] Real estate funds across the UK are expected to be released following a recommendation from an industry forum this morning to lift material uncertainty clauses. The UK’s Material Uncertainty Clauses (MUC) were introduced in March this year to address concerns that the property market (and its holdings) could notRead More →
[ad_1] Columbia Threadneedle has joined St James’s Place and reopened its frozen real estate fund following a stamp of approval on the valuation of its assets but rivals funds remain cautious. SJP and Columbia Threadneedle were among the raft asset managers who suspended their real estate mandates in March afterRead More →
[ad_1] Some of the largest funds holding billions of pounds of real estate assets in the UK remain closed to investors, three months after a wave of transaction suspensions were applied at the height of the massive Covid-19 sell-off. Fund analysts predict it could be up to six months beforeRead More →
[ad_1] LONDON: Six asset managers, including M&G and Legal & General, have said they are keeping real estate funds totaling more than $ 7.5 billion in assets frozen as appraisers continue to struggle to assess real estate in due to the coronavirus crisis. M&G froze its $ 3.2 billion UKRead More →
[ad_1] Investors face a long wait to access the £ 13 billion currently trapped in UK property funds, experts predict, as businesses remain ‘far from normal’ and the commercial property market continues to decline. ‘be moderate. Independent appraisers said there were a number of things – many of which wereRead More →
[ad_1] LONDON (Reuters) – UK real estate funds are expected to remain frozen for months as the market is unvaluable due to the coronavirus crisis, and some may have to change structures to survive, industry sources say. FILE PHOTO: Empty offices are seen as the spread of coronavirus disease (COVID-19)Read More →
[ad_1] A new wave of UK real estate funds, including vehicles run by BlackRock and Schroders, have been forced to halt trading, bringing the total amount blocked in these funds following the coronavirus outbreak to over £ 20bn . Trading was halted after real estate companies such as Knight Frank,Read More →
[ad_1] Investors are seeking answers from UK property funds after at least seven deals were halted amid a massive sell-off in the property market due to the coronavirus, trapping at least £ 12.7 billion in investor money . St James’s Place joined other asset managers this week when it suspendedRead More →
[ad_1] Janus Henderson has suspended his £ 2bn (€ 2.19bn) UK real estate fund, becoming the second such term to be blocked due to uncertainty in the valuation of his holdings as the coronavirus is wreaking havoc. It comes after Kames Capital yesterday suspended its £ 501million (€ 548million) propertyRead More →
[ad_1] Aberdeen Standard Investments, BMO, Janus Henderson, Columbia Threadneedle and Aviva Investors suspended trading in their respective open-end real estate funds today due to valuation uncertainty as markets continue to be rocked by market panic. coronavirus. The groups join M&G which suspended its £ 2.3bn property portfolio at the endRead More →
[ad_1] Trading with £ 1.7bn UK real estate fund Standard Life Investments and £ 1.1bn UK real estate fund Aberdeen have been suspended after Covid-19 plunged markets into chaos. Real estate transactions have almost come to a standstill since the escalation of the coronavirus in the UK over the pastRead More →
[ad_1] At least six other UK property funds halted trading on Wednesday, bringing total investor money trapped in vehicles to £ 12.7bn as coronavirus-induced market selling contagion swept across the country. estate market. Standard Life Aberdeen has suspended trading in its £ 1.7bn and £ 1.1bn UK real estate funds,Read More →