Investors exiting $1.1b London property fund

Investors in the West End of London Property Unit Trust (WELPUT), managed by Schroders Plc, are seeking to withdraw almost one-fifth of the £836 million ($1.09 billion) pool, as Brexit-related worries have mounted, according to Bloomberg, citing people with knowledge of the matter.

WELPUT has been actively selling its assets. WELPUT owns 10 central London office buildings with an average value of approximately £107 million ($140 million). In July 2018, WELPUT sold the 46,500-square-foot North West House at 119-127 Marylebone Road in London for £58.5 million ($76.9 million) to a private overseas investor.