Columbia Threadneedle's Jordison: Property suspensions were regrettable but they brought order to the market

Fund reopened after Brexit suspension

Don Jordison, co-manager of the Columbia Threadneedle PAIF which has just reopened after being suspended post Brexit, gives his views on the sector and the future for open-ended property funds.

Columbia Threadneedle lifted the post-Brexit suspension on its £1.3bn UK Property AIF on 26 September. The group reopened the fund to trade with no fair value adjustment, although it continues to be priced on a bid rather than offer basis. Here, Don Jordison (pictured), one of the PAIF's co-managers, discusses the team's preparations in the lead-up to the Brexit vote, current demand for the asset class, and whether lessons can be learned by the open-ended property sector in light of the suspensions. What changes have you made to the PAIF to allow the suspension to be lifted? We h...