{"id":27065,"date":"2016-09-24T13:00:25","date_gmt":"2016-09-24T06:00:25","guid":{"rendered":"http:\/\/www.siamlandbank.com\/propertynews\/property-news\/property-funds-back-in-business-after-brexit-vote-closures\/"},"modified":"2016-09-24T13:00:44","modified_gmt":"2016-09-24T06:00:44","slug":"property-funds-back-in-business-after-brexit-vote-closures","status":"publish","type":"post","link":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/property-funds-back-in-business-after-brexit-vote-closures\/","title":{"rendered":"Property funds back in business after Brexit vote closures"},"content":{"rendered":"


\nThe discounting and \u2018value adjustments\u2019 in the wake of the EU referendum are at last over. But at what cost?The doors are reopening on the \u00a335bn of investors\u2019 money locked in commercial property funds, after they were suspended in the wake of the Brexit vote when panicking investors feared a collapse in values.Shortly after the EU referendum result, Standard Life halted trading in its \u00a32.9bn fund, with Aviva, M&G, Henderson and Columbia Threadneedle soon following suit. It meant investors could no longer access their cash held in the funds. What\u2019s more, most of the funds added a \u201cfair value adjustment\u201d, in effect marking down the value of the properties they owned and therefore shrinking investors\u2019 holdings. Legal & General slapped a 15% discount on its fund, and Kames 10%, while others slashed theirs by around 5%. Continue reading…
\n
\nSource : theguardian.com
\nRead more…Property funds back in business after Brexit vote closures<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

The discounting and \u2018value adjustments\u2019 in the wake of the EU referendum are at last...<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"false","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"spay_email":"","footnotes":"","jetpack_publicize_message":"","jetpack_is_tweetstorm":false,"jetpack_publicize_feature_enabled":true},"categories":[1],"tags":[],"class_list":["post-27065","post","type-post","status-publish","format-standard","hentry","category-property-news"],"jetpack_featured_media_url":"","jetpack_publicize_connections":[],"jetpack_sharing_enabled":true,"jetpack_shortlink":"https:\/\/wp.me\/p75ss1-72x","jetpack-related-posts":[{"id":18334,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/investment-funds-the-winners-and-the-losers-after-brexit\/","url_meta":{"origin":27065,"position":0},"title":"Investment funds: the winners and the losers after Brexit","date":"July 2, 2016","format":false,"excerpt":"\r Funds primarily invested abroad have benefited, but others have dropped in value following the EU referendumSome of the big investment funds popular with Isa investors lost around 5% or more of their value in the days immediately after the Brexit vote \u2013 but there have also been winners at\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":15538,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/brexit-clauses-in-uk-property-deals-as-gulf-investors-hold-back\/","url_meta":{"origin":27065,"position":1},"title":"Brexit clauses in UK property deals as Gulf investors hold back","date":"June 6, 2016","format":false,"excerpt":"\r Commercial property investors are writing clauses into contracts giving buyers the right to walk away from real estate deals if Britain votes to leave the European Union this month, as a way to unfreeze a sector stalled by uncertainty over Brexit.The moves come as Arabian Gulf investors, some of\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":20452,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/asset-manager-cuts-levy-on-exiting-uk-property-funds\/","url_meta":{"origin":27065,"position":2},"title":"Asset manager cuts levy on exiting UK property funds","date":"July 21, 2016","format":false,"excerpt":"\r Aberdeen Asset Management has reduced the levy on withdrawing from its UK property funds, it said on Thursday, as a surge of investor redemption requests following Britain's vote to leave the European Union began to slow.Abdereen said it has reduced the dilution adjustment on its UK Property fund and\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":18884,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/london-address-still-desirable-for-gulf-investors-despite-brexit\/","url_meta":{"origin":27065,"position":3},"title":"London address still desirable for Gulf investors despite Brexit","date":"July 6, 2016","format":false,"excerpt":"\r LONDON \/\/ Markets hate uncertainty. But for the brave, uncertain markets are a golden opportunity.Two weeks after the UK's historic vote to cut ties with the EU, there are quite a few overseas investors who are considering that now might be an ideal time to buy that sought-after second\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":113045,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/uk-property-funds-suffer-worst-week-since-brexit-referendum\/","url_meta":{"origin":27065,"position":4},"title":"UK property funds suffer worst week since Brexit referendum","date":"December 13, 2019","format":false,"excerpt":"\r Demands for withdrawals from funds accelerate after M&G blocks redemptionsA dash for the exit by investors has left UK property funds nursing their worst week of withdrawals since the Brexit referendum, and raised fears that further funds may be forced to close.Last week M&G, one of the UK\u2019s biggest\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":24869,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/middle-eastern-sovereign-funds-spend-less-in-overseas-commercial-property-investments\/","url_meta":{"origin":27065,"position":5},"title":"Middle Eastern sovereign funds spend less in overseas commercial property investments","date":"September 4, 2016","format":false,"excerpt":"\r The panic in financial markets, which followed Britain's shock Brexit vote and a slowdown in the Chinese economy, has prompted Middle Eastern sovereign wealth funds to rein in their spending on high profile overseas office blocks and hotels.The amount of money being spent by Middle Eastern sovereign wealth funds\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]}],"_links":{"self":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/27065"}],"collection":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/comments?post=27065"}],"version-history":[{"count":0,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/27065\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/media?parent=27065"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/categories?post=27065"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/tags?post=27065"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}