Columbia Threadneedle to reopen property funds on 17 September

Suspended dealing on 18 March

clock • 1 min read

Columbia Threadneedle is to lift the temporary dealing suspension on the Threadneedle UK Property Authorised Investment Fund (PAIF) and its feeder fund, the Threadneedle UK Property Authorised Trust, on 17 September.

The reopening follows confirmation from its independent valuer CBRE that it has removed the Material Uncertainty Clause from the assets held by the fund, which it deployed in March during the coronavirus crisis market sell-off. The £1bn Threadneedle PAIF and its feeder fund, which invest in physical UK commercial property, temporarily suspended dealing on 18 March. St. James's Place reopens property fund as ASI eyes 30 September end to suspension The announcement comes after the Royal Institution of Chartered Surveyors (RICS) recommended this morning (9 September) a "general liftin...

To continue reading this article...

Join Investment Week for free

  • Unlimited access to real-time news, analysis and opinion from the investment industry, including the Sustainable Hub covering fund news from the ESG space
  • Get ahead of regulatory and technological changes affecting fund management
  • Important and breaking news stories selected by the editors delivered straight to your inbox each day
  • Weekly members-only newsletter with exclusive opinion pieces from leading industry experts
  • Be the first to hear about our extensive events schedule and awards programmes

Join now

 

Already an Investment Week
member?

Login

Trustpilot