Close Brothers has sold its property fund management business to specialist real estate asset manager Alpha Real Capita (ARC).
F&C will retain the £617m Commercial Property trust (FCPT) mandate following a failed takeover bid by Ignis-managed UK Commercial Property trust.
Commercial property may have regained some of the ground it lost since the Lehman Brothers collapse but it appears investor sentiment is cooling on the asset class.
Clavis Walden is sticking with its plans to launch one of the UK's first property authorised investment funds (Paif), despite delaying it for eight months.
M&G has moved its £360m offshore Property fund from creation to cancellation pricing as it has suffered "small but persistent" redemptions.
Henderson UK Property fund manager Marcus Langlands Pearse dismisses suggestions the property market faces an imminent demise and says prices are now at fair value.