Close Investments is the latest group to suspend trading on a property vehicle, imposing a moratorium...
Close Investments is the latest group to suspend trading on a property vehicle, imposing a moratorium on its Property Investment Portfolio (Closepip), which will remain in place for an indefinite period. Dealing has also been suspended in the Active Commercial Estate (ACE) sub-fund, in which Closepip is a majority shareholder. Restrictions on both vehicles are effective immediately. Initially the suspension will be in place for six months, although this could change depending on market conditions. The decision has been made to protect investors and ensure the high level of redemptions w...
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