Commodity Trade Mantra

Posts Tagged ‘Commercial Property’

UK's Aviva Property Fund Frozen Due To Lack Of Immediate Liquidity

Aviva Investors Property Trust is as of this moment “frozen” citing “extraordinary” market conditions. The dominoes are starting to fall in the U.K. commercial property market, as yet another fund locks its doors on the back of outflows precipitated by the Brexit vote. It’s probably only a matter of time before we see other funds follow suit.

Bear Stearns 2.0? UK's Largest Property Fund Halts Redemptions

While equity markets have rebounded exuberantly post-Brexit, suggesting all is well, British property-related assets have tumbled. Standard Life has been forced to stop retail investors selling out for at least 28 days after rapid cash outflows were sparked by fears over falling real estate values. The fund will need to sell real estate to raise cash before any money can be redeemed.

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