Property

REAL ESTATE

M&G has moved its £360m offshore Property fund from creation to cancellation pricing as it has suffered "small but persistent" redemptions.

Minority shareholders in F&C Commercial Property trust (FCPT) have rejected a proposed takeover by Ignis-managed UK Commercial Property trust (UKCPT) to create a £1.6bn vehicle.

Henderson UK Property fund manager Marcus Langlands Pearse dismisses suggestions the property market faces an imminent demise and says prices are now at fair value.

Compared to other European countries, the UK housing market remains a relatively robust place to invest

Conjecture

SECTOR ANALYSIS: PROPERTY

OPM Fund Management has bought its second reverse convertible product in two weeks, to benefit from volatility in the share prices of property companies.

F&C is launching its first open-ended real estate fund as it faces losing the mandate for its £617m F&C Commercial Property trust (FCPT).

Brokerage firm Canaccord Genuity says shareholders should vote against the merger of F&C Commercial Property trust (FCPT) and the UK Commercial Property trust (UKCPT) because it is not in investors' interests.