A fresh batch of UK property funds - this time those traded monthly or quarterly and including the £3.4bn BlackRock UK Property Fund and Schroders’ £2.4bn UK Real Estate fund - have gated in response to the "material value uncertainty" caused by the coronavirus pandemic, meaning around £22bn of investment is locked up.
Quarterly and monthly traded property funds begin to gate taking lock up to £22bn
FCA will want clear documentation as to rationale for decisions by funds owned by BlackRock, Schroders, L&G and RLAM
By Paul Norman
CoStar News
April 3, 2020 | 8:22 AM
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