A fresh batch of U.K. property funds — this time those traded monthly or quarterly — have suspended redemptions in response to the "material value uncertainty" caused by the coronavirus pandemic, meaning about 22 billion pounds, or nearly $27 billion, of investment is locked up.
More UK Property Funds Suspend Redemptions, Bottling Up $27 Billion in Investment
BlackRock, Schroders, Legal & General and Royal London All Cite Uncertainty Over Valuing Property During Pandemic
By Paul Norman
CoStar NewsApril 3, 2020 | 3:16 P.M.
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