Managing Partners Limited (MPL) plans to benefit from redemptions on open-ended property funds in the...
Managing Partners Limited (MPL) plans to benefit from redemptions on open-ended property funds in the UK with the launch of its own property fund. The firm said it wants to take advantage of the 20% discounts appearing in UK residential and commercial properties as a result of forced sales from open-ended property funds. MPL’s Jeremy Leach believes it is an opportunistic time to launch a real estate vehicle as property funds, which have been fully invested with leverage, need to dispose of properties to meet redemption requests from investors scared out of the market. The British Prope...
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