Columbia Threadneedle Reopens Dealing On UK Property Fund

Alongside its feeder fund, CT UK PAIF will be open to dealing from 12.01pm on 28 February, with the first valuation of the funds occurring the following day (1 March).

The suspension comprised part of the open-ended property market's third wave in five years, with BlackRock and Schroders imposing redemption limits in response to tight liquidity.

Following a "significant increase in redemption requests", the £358m CT UK PAIF suspended dealing on 10 October 2022 to enable an orderly sale of assets to meet redemption requests.

UK property fund Q3 redemption deferrals extend to CBRE

In the four and half month period of suspension, an asset sales process occurred, which the firm believes is sufficient to meet current and future redemption requests.

Manager of CT UK PAIF Gerry Frewin said: "We are pleased to reopen the fund following a successful asset sale and continue to believe in the fundamentals commercial property provides to long-term investors in a balanced and diversified portfolio.

"The CT UK PAIF continues to be a well-diversified portfolio of commercial UK property, with an overweight position to the buoyant warehouse sector.

"Following the exceptional circumstances last year, it has always been our priority to reopen the fund as soon as possible."

RECENT NEWS

When The Gate Comes Down

A Stress Test Rather Than a ScandalApollo Debt Solutions is not a blow-up story. It is something arguably more instructi... Read more

What If The Investment Industry Is Benchmarking The Wrong Things?

  Investment management is built around benchmarking.  Fund managers compare themselves a... Read more

SpaceX Is Looks To Make History

The Biggest Bet in Wall Street History: SpaceX's $1.78 Trillion IPOThere are moments in financial history that stop you ... Read more

Gyrostat June Market Outlook: When Low Volatility Conceals Structural Risk

This monthly Gyrostat Risk-Managed Market Outlook does not attempt to forecast market direc... Read more

Why Low Volatility Is Not The Same As Low Risk

Why Low Volatility is Not The Same As Low Risk Some of the worst-performing portfolios in... Read more

Gyrostat May Market Outlook: When The Cost Of Protection Falls - Signals For Portfolio Positioning

This monthly Gyrostat Risk-Managed Market Outlook does not attempt to forecast market direction. It... Read more