Property Financial News

23.10 / 08:49

property St James's Place UK property place St James's Place suspends property fund and temporarily reduces fees

A trio of reasons was given for the suspension and deferral, including a general fall in demand for UK commercial property.

20.10 / 12:59

property M&G Platforms open Open-ended property fund closures fail to spark platform provider interest in LTAFs

Hargreaves Lansdown said it is «committed to analysing new funds as they come to market» and will review its position in a year’s time.

19.10 / 12:47

property M&G UK property open M&G suspends open-ended UK property fund ahead of closure

M&G global head of product and distribution Neal Brooks added the firm «does not foresee a future» for the open-ended direct property structure.

16.10 / 20:48

property US bonds ESG ETFs equities emerging markets Equity funds take majority of sustainable inflows in 2023

Over the same time period, equity funds experienced £16.4bn of ‘conventional’ outflows.

13.10 / 12:01

property Link Fund Solutions UK property Redemptions Canada Life AM closes UK property fund as redemptions hit 60%

Trading has been suspended in the WS Canlife UK Property ACS, along with a range of onshore and pension products that invest in the fund.

09.10 / 14:51

property companies Evergrande investors 'left in the dark' as restructuring plans scrapped

“It is difficult to believe that [the regulator] would actually stop a distressed company from restructuring,” the group said.

29.09 / 08:27

property Auction Investment trusts Alternatives AEW social housing Home REIT Home REIT offloads 137 properties at average 68% loss

Of the total 137 properties sold, 100 were subject to leases with tenant in liquidation, which will be surrendered prior to completion.

29.09 / 08:27

property MSCI Investment trusts AIC Nav share price abrdn Property Income trust share price drops 24% over six months despite NAV growth

'The level of discount is of great concern to the board, and we continue to explore ways that will reduce it in the long term.'

22.09 / 07:43

property Investment trusts social housing Home REIT Bust Home REIT tenant surrenders leases on 146 properties

This brings Home REIT’s direct exposure to Mears Limited to 177 properties and £1,623,875 per annum of contracted rent.

07.09 / 08:41

property Liquidation Investment trusts social housing Home REIT Home REIT tenant Supportive Homes CIC enters voluntary liquidation

FRP Advisory Trading Limited has been appointed as liquidator, adding to its work on Gen Liv UK CIC and Lotus Sanctuary CIC.

06.09 / 11:27

property ESG Unit trusts/OEICs AEW social housing Home REIT Investment manager Home REIT investment manager AEW launches UK Impact fund

AEW UK Impact is an open-ended property fund seeded with a diversified £100m portfolio of UK assets, including specialist supported living, key worker accommodation and care homes.

24.08 / 12:01

property retail Blackstone reports Returns Blackstone Group retail push returns after property fund redemption panic - reports

Investor commitments for the fund will reportedly begin in Q4, with the launch planned for January next year.

22.08 / 07:37

property Investment trusts Investment Trust Ediston Property confirms plans to sell entire portfolio

The board reiterated that there was still “no certainty at this time that a sake of the company’s property portfolio will take place”, with none of the final terms, or price agreed yet. Credit: Photo Mix

08.08 / 09:17

Europe Asia property UK US companies bonds Profits dive 66% at abrdn investment arm as funds struggle to outperform

abrdn CEO Stephen Bird noted the overall performance of the investment arm’s funds was 'not where we want it to be' and acknowledged there remains 'meaningful work to do'.

04.08 / 09:27

property Investment trusts AEW social housing Home REIT Home REIT sells 40 properties for 60% average loss

The properties were chosen for their “limited prospects for income and capital return given the required capital expenditure in order to be brought up to specification”.

03.08 / 10:51

Europe Asia property UK US bonds UK investors Calastone: UK investors shun stocks despite global rally

July 2023 was the 26th consecutive month of net outflows for equity funds.

02.08 / 07:33

property companies Liquidation Investment trusts social housing Home REIT creditors Two Home REIT tenants enter creditors' voluntary liquidation

Redemption Project CIC’s liquidation marks the second tied to Gurpaal Singh Judge

28.07 / 08:15

property Investment trusts Investment Trust investment policy Home REIT proposes investment policy overhaul as rent collection falls to 7%

Home REIT does not expect to be able to publish its audited results for the period to 31 August 2022 until 'late 2023 at the earliest'.

21.07 / 07:52

Europe Asia property UK US growth credit Global Equities Strong H1 for global equities despite 'gloomy outlook'

Despite the overall positive performance for equities, UK equities made only modest gains during the first half of the year.

18.07 / 14:47

property companies Evergrande reveals £62bn losses in delayed results

As of 31 December 2022, the firm’s total liabilities amounted to CNY 2.4trn (£260bn)

05.07 / 14:33

regulation property fsb exit open regulatory Global regulatory bodies recommend open-ended fund managers charge exit fees

The FSB’s recommendations call for greater clarity on the redemption terms that open-ended funds could offer to investors, based on the liquidity of their holdings.

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