Aviva Investors suspends dealing in European Property fund

Follows closure of Asia Property fund in July

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Aviva Investors has written to investors to inform them the European Property fund has suspended dealing today amid plans to sell off the assets and close the portfolio, following a redemption request from a large investor.

The fund, managed by Andrew Hook who also works on the group's UK property trust, has around £194.2m under management and has seen AUM decline from a peak of £320m in May last year. Although only one investor has requested to pull assets from the fund, it is for a large amount, the group said, so dealings in the fund have been suspended while Aviva Investors looks to sell off the assets and close the portfolio. A spokesperson for the group said: "We can confirm the suspension of the Aviva Investors European Property fund. "This follows the largest investor indicating its intention ...

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