Aviva Investors suspends dealing in European Property fund

Follows closure of Asia Property fund in July

Aviva Investors has written to investors to inform them the European Property fund has suspended dealing today amid plans to sell off the assets and close the portfolio, following a redemption request from a large investor.

The fund, managed by Andrew Hook who also works on the group's UK property trust, has around £194.2m under management and has seen AUM decline from a peak of £320m in May last year. Although only one investor has requested to pull assets from the fund, it is for a large amount, the group said, so dealings in the fund have been suspended while Aviva Investors looks to sell off the assets and close the portfolio. A spokesperson for the group said: "We can confirm the suspension of the Aviva Investors European Property fund. "This follows the largest investor indicating its intention ...