Property

Old Mutual Global Investors (OMGI) has moved to offload its £437m property fund to Henderson Global Investors, proposing a merger of the portfolio into the Henderson UK Property fund.

The value of the suspended Brandeaux Student Accommodation fund's property portfolio has been cut by more than 6% by Savills following an independent valuation process.

Rathbones' David Coombs has bought into commercial property for the first time, seeking to avoid the usual pitfalls by utilising a number of less mainstream options and closed-ended vehicles.

UK IFAs are among hundreds of creditors facing severe losses in a £60m investment scheme marketed as low risk but "tainted with illegality", according to the firm's liquidators.

Neuberger Berman has hired M&G's Gillian Tiltman for its global real estate securities team.

Shareholders in the troubled Invesco Property Income trust have been told they are likely to lose their entire investment after it was suspended pending an effective firesale of its assets.

Standard Life Investments has overhauled its £420m Select Property fund, giving the portfolio a global remit.

F&C is in discussions with the IMA to add its Real Estate Securities and Real Estate Equity Long/Short funds to the IMA Property and Absolute Return sectors sectors respectively.

With banks offloading assets and the Spanish stock market on the up over the past 18 months, some see now as a good time to invest in one of the biggest losers of the eurozone crisis.

Property fund managers are assessing ways to mitigate the potential impact of soaring inflows as the sector becomes increasingly popular with investors.