The managers of the Aegon Property Income fund have sold the final three properties owned by the vehicle, marking the end of a more than two-year wind-up process.
According to an update from 23 October, the remaining assets have been sold, with shareholders set to receive their final distribution before the end of 2023, although an exact date has yet to be confirmed. St James's Place suspends property fund and temporarily reduces fees The final properties were a Birmingham site rented by ITV, a Preston Premier Inn and a luxury apartment building in London. The Birmingham site comprised 52.6% of total property assets in the fund, with the Premier Inn representing 40.8% and the London apartments rounding off the remaining 4.6%. While these ...
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