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Property News Headlines

Aberdeen cuts dilution adjustment on UK property funds

LONDON Aberdeen Asset Management has reduced the levy on withdrawing from its UK property funds, it said on Thursday, as a surge of investor redemption requests following Britain's vote to leave the European Union began to slow.

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British property panic a red flag for banks, insurers

FRANKFURT/ LONDON The run on British property funds has drawn attention to the vulnerability of the commercial real estate sector, largely funded by domestic banks and building societies but increasingly by foreign banks and insurers.

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Number of UK property funds suspended since Brexit vote doubles

LONDON The number of British property funds suspended after the country's vote to leave the EU more than doubled on Wednesday, leaving over 18 billion pounds frozen in the biggest seizing up of investment funds since the 2008 financial crisis.

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