"This combined with a general lack of interest in the sector from investors, plus the overhanging threat of FCA regulation, has driven management to throw in the towel.
“It’s a shame to see another long-standing property fund exit the sector, but it may not be the last. Only a handful of funds remain, and while they tend to be the biggest/best, even they have seen shrinking AUM as property values fell in the second half of 2022, and net redemptions reduced portfolio sizes further."
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tara.o'connor@ft.com
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