St. James's Place and Columbia Threadneedle have already opted to reopen their UK property funds after independent valuers were given the green light to remove Material Uncertainty Clauses (MUCs) yesterday (9 September), while other fund houses have told investors they need more time to assess the risks of ending their six-month suspensions.
St. James's Place has lifted the suspension on its range of three UK commercial property funds, the SJP Property Unit Trust and the SJP Property Life and Property Pension funds, while Columbia Threadneedle has announced it is to reopen its £1bn UK Property Authorised Investment Fund (PAIF) and feeder fund on 17 September. The Royal Institution of Chartered Surveyors (RICS) cleared the way for some property funds to reopen after it recommended a "general lifting" of material valuation uncertainty on the valuation of "all UK real estate", with exception of "some assets valued with referenc...
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