CBRE Investment Management has joined other managers of UK property funds in deferring Q3 redemption payments on its CBRE UK Property PAIF due to ongoing market conditions, a spokesperson told Investment Week.
This is the second time the firm has deferred redemption payments for the institutional vehicle, which as of December 2021 held £1.5bn assets under management. In October, CBRE announced it would defer the redemption payments accepted in Q2 2022 for one quarter. A spokesperson confirmed on Thursday (5 January) that in the coming weeks the fund will be paying out, in full, all redemptions accepted during Q2 2022. However, some of the Q3 redemptions accepted will be partially deferred by one quarter. BlackRock defers Q3 redemptions from £3.5bn UK property fund Investors who redeemed...
To continue reading this article...
Join Investment Week for free
Signup and gain exclusive members-only insights - all free of charge!
- Unlimited access to real-time news, analysis and opinion from the investment industry, including the Sustainable Hub covering fund news from the ESG space
- Get ahead of regulatory and technological changes affecting fund management
- Important and breaking news stories selected by the editors delivered straight to your inbox each day
- Weekly members-only newsletter with exclusive opinion pieces from leading industry experts
- Be the first to hear about our extensive events schedule and awards programmes
