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Older commercial real estate out of major UK cities is struggling to attract demand
Decision to allow outflows comes as regulators warn that some funds may struggle to meet redemption requests
Officials warn downturn in €1tn sector could trigger liquidity crisis if investors rush to withdraw money
There is a gap between buyers and sellers on what constitutes fair value
Mismatch between redemptions and hard-to-sell holdings presents ‘major potential vulnerability’
Schroders, BlackRock and Columbia Threadneedle impose restrictions on redemptions from institutional real estate funds
Money floods into part of property market regarded as best protection against inflation
Suspension of developer’s shares offers another signal of sector’s worsening debt crisis
Investors have paid £14m in charges since trading was halted on £2.3bn fund
Esma concerned asset managers are not prepared for dealing with redemption requests or valuation uncertainty
Many vehicles remain suspended as managers examine looming redemption requests
Removal of ‘material uncertainty’ clauses will help investment groups to resume trading in property funds
FCA proposals are designed to cure longstanding liquidity mismatch
Move by UK regulator aims to avoid liquidity squeezes as investors head for the exit
Early days in assessing virus effect; bespoke notice periods could suit property funds problems
At least 10 daily traded funds managing more than £13bn in assets are suspended
Provider cites coronavirus market turmoil for uncertainty over valuations
Trading in vehicles with £20bn in assets halted after coronavirus throws doubt on valuations
Seven funds holding £12.7bn halt trading in the wake of Covid-19 crisis
Independent valuers are unable to provide accurate and reliable valuations of underlying assets
Suspensions at Janus Henderson and Kames Capital spark fears of potential domino effect
New vehicle would allow pension schemes to invest in real estate with less liquidity risk
£2.5bn fund has been suspended since December
Investors remain trapped as fund manager sells assets to raise cash
Listed property funds have several flaws, despite their popularity
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