Kames Capital and Canada Life have eased measures taken following the EU referendum by removing the fair value adjustments on their property vehicles.
Canada Life said the decision to remove a negative 7 per cent adjustment on its commercial property funds followed a review of both portfolio property valuations and current market conditions, adding that the market was "returning to a more stable pattern" following June's vote.
A dealing suspension on the offering, which came into force on July 6, was lifted at the start of September.
Meanwhile Kames lifted a 6.5 per cent fair value adjustment on its Property Income fund, saying: "Increasing transactional evidence has emerged in the UK commercial real estate market, which has led the funds’ standing independent valuer, Jones Lang LaSalle, to remove its valuation uncertainty clause introduced following the UK referendum on EU membership".
Uncertainty in the wake of the vote saw a number of property funds enact radical measures, including fair value adjustments and dealing suspensions, but a number of these have seen been rescinded.
Earlier this week Standard Life Investments announced a reopening of its product, citing similar reasons.
Last week Henderson Global Investors announced plans to reopen its UK Property Paif and feeder fund in mid-October following “good progress in asset sales", a week after Columbia Threadneedle did the same.
The only providers yet to announce a reopening date are Aviva Investors, which said in August that its UK property fund may not resume trading until 2017, and M&G.
