M&G Property Portfolio unlikely to open in 2020 despite 'glimmer of hope' for investors

Valuer Knight Frank further lifts material uncertainty clause

David Brenchley
clock • 2 min read

Investors were given “a glimmer of hope”, despite the continued suspension of the M&G Property Portfolio, as independent property valuers have removed material uncertainty clauses from two further sectors in the market.

In an update to investors, M&G said 28% of its portfolio has now had clause removed after its valuer Knight Frank - along with other RICS-approved companies - said it would no longer apply to central London offices and professionally managed, institutional grade student accommodation. These two areas of the market account for 5.4% of the M&G portfolio and add to the 23% in the UK industrial and logistics sectors that saw their clauses removed in June. FCA to consult on future of open-ended property funds Laura Suter, personal finance analyst at AJ Bell, said the update gave trapped...

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