Host Capital has announced the immediate suspension and proposed closure of its £18.1m UK Student Accommodation fund, subject to regulatory approval.
The PAIF, launched in November 2012, was suspended "with immediate effect" on 1 November. Gosling's Grouse: My radical suggestions for solving UK housing crisis Host Capital were unavailable for comment at the time of writing. According to FE, the fund had assets under management of £42.8m in November 2013 but had fallen to a low of £15m in August 2016. The closure follows a particularly volatile time for the UK property sector, which saw a number of funds adjust their pricing and suspend trading following valuation concerns in the wake of June's Brexit vote. At the time of w...
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