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Real estate funds in UK freeze withdrawals

Aviva Investors, M&G Investments and Standard Life move to stem the tide of redemptions as negative sentiment undermines confidence in London as a regional hub

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The Bank of England, Britain's central bank, warned in a report published on Tuesday of a "challenging" outlook for the country's financial stability, and noted in particular that there were "tightening credit conditions" in the commercial real estate market.

London

THE financial strains from Britain's vote to leave the European Union are starting to show, as fear and uncertainty ripple through the country's real estate market.

In the most prominent sign of the pressure, three major real estate funds have frozen investors' withdrawals