Two U.K. real estate funds suspend trade
Due to recent current events causing uncertainty for the U.K. commercial real estate market following the United Kingdom’s European Union membership referendum result, two real estate funds have suspended trade.
Standard Life Investments decided to suspend all trading in the Standard Life Investments U.K. Real Estate Fund on July 4.
The suspension was requested to protect the interests of all investors in the fund and to avoid compromising investment returns from the range, mix and quality of assets within the portfolio.
The Standard Life Investments U.K. Real Estate Fund invests in a diverse mix of prime commercial real estate assets from across office, retail, industrial and other sectors. Its lower risk positioning should be beneficial for performance in times of market stress and uncertainty.
The fund continues to offer a stable and secure income return with a distribution yield of c3.86 percent.
And M&G Investments ann