Invista Real Estate Investment Management shares have fallen 9% this morning after the group announced plans to wind-up after losing £2.4bn of HBOS mandates.
Close Brothers has sold its property fund management business to specialist real estate asset manager Alpha Real Capita (ARC).
Some of the largest real estate managers are backing the launch of the UK's first property derivatives fund.
Commercial property may have regained some of the ground it lost since the Lehman Brothers collapse but it appears investor sentiment is cooling on the asset class.
Clavis Walden is sticking with its plans to launch one of the UK's first property authorised investment funds (Paif), despite delaying it for eight months.