Investors hit out at 27-month wait to exit suspended property fund

Investors trapped in property funds suspended by Brandeaux last week have had to wait more than two years, in some cases, to exit the embattled vehicles.

Last month, Investment Week revealed Brandeaux had suspended redemptions on its £1bn Student Accommodation fund as liquidity dried up. The group later announced it was suspending its entire eight-strong fund range and admitted that up to 80% of property in its £372m Ground Rent Income fund is up for sale. Now it has emerged Brandeaux has advised some clients it has a logjam of redemption requests queued back to April 2011 in some funds, according to documents seen by Investment Week. This 27-month queue has built up around the Brandeaux Dual Assets fund sterling share class, which ...