Property
Harlequin Property enters insolvency to ‘protect investors’
Harlequin Property SVG, the company behind the £400m ($509m, €454m) overseas property scheme, has officially entered insolvency proceedings, a decision likely to result in hefty losses for thousands of investors.
Canada Life ends fair value adjustment on UK property funds
Canada Life has removed the fair value adjustment on property values in its commercial property funds imposed at the start of the month when it lifted a suspension of redemptions.
UK property freeze thaws but open-ended fund days numbered
Following suspensions of trading and value adjustments at most of the leading UK property funds in early July, September has seen the crisis abate to a large extent.
SLI to reopen UK Real Estate Fund next month
Standard Life Investments has announced it will reopen the suspended UK Real Estate Fund and associated feeder fund from 12 noon on Monday, 17 October.
Nedgroup rolls out global property Ucits fund
South Africa’s Nedgroup Investments has launched a global property fund, managed by Sydney-based real estate securities specialist Resolution Capital.