Property

Property group Brandeaux has announced the redemption of a further 4% of investor shareholdings in its suspended student funds.

Delegates heard from four fund managers at Investment Week's Property Breakfast Briefing last month discussing portfolio positioning and tailwinds for the sector.

European property is offering a safe haven to investors facing up to negative bond yields, said Alban Lhonneur, manager of the F&C Real Estate Securities fund.

The Financial Ombudsman Service (FOS) has ruled in favour of four complainants who separately claimed they were given unsuitable advice to transfer their personal pensions to new plans permitting investment in overseas property.

As property continues to deliver for investors, value is becoming harder to find. Investment Week asks allocators and fund managers which sub-sectors still look like attractive propositions.

Property managers have begun putting their funds' high cash positions into the market following a surge of inflows into the sector.

Register now for IW Breakfast Briefing

Brandeaux has completed the sale of its student accommodation property portfolio and aims to make payments to shareholders in the suspended funds this month, though NAV per share has been reduced further.

Investors are not receiving adequate information on the extent to which funds are being levered up through the use of derivatives, a review by the Financial Conduct Authority (FCA) has found.

Threadneedle is to push ahead with plans to convert its UK Property Trust to a more tax-efficient structure.