TIME Investments suspends open-ended property fund on 'material uncertainty'

Freehold fund

Elliot Gulliver-Needham
clock • 2 min read

The £202m TIME:Freehold fund has temporarily suspended trading today (13 November), according to a statement on the firm's website.

In the notice, the management said the fund's independent valuer had "expressed material uncertainty regarding TIME:Freehold's residential property valuations". It said this was a "direct result" of the government's announcement of a consultation into restricting leaseholds on rental properties in the King's Speech last week (7 November). The new bill will ban leaseholds for new houses, but not new flats, in England and Wales, and increase the standard lease extension period to 990 years. St James's Place suspends property fund and temporarily reduces fees The TIME fund invests ...

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