PropertyJul 4 2016

SLI suspends trading on £2.7bn UK Real Estate fund

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SLI suspends trading on £2.7bn UK Real Estate fund
ByJulia Faurschou and Taha Lokhandwala

In the build-up to the referendum on June 23, fears about the impact of a Leave vote on commercial property, combined with concerns that property returns had run their course, had seen a number of funds shift from offer to bid pricing.

The move, designed to manage outflows, effectively wiped several percentage points off returns for those wishing to redeem.

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