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. The announcement comes after the Royal Institution of Chartered Surveyors (RICS) recommended this morning (9 September) a "general lifting" of material valuation uncertainty over the valuation of "all UK real estate", with ...
To continue reading this article...
Join Professional Adviser for free
- Unlimited access to real-time news, industry insights and market intelligence
- Stay ahead of the curve with spotlights on emerging trends and technologies
- Receive breaking news stories straight to your inbox in the daily newsletters
- Make smart business decisions with the latest developments in regulation, investing retirement and protection
- Members-only access to the editor’s weekly Friday commentary
- Be the first to hear about our events and awards programmes