The Business Times

Property

The Business Times
Subscribe
Share on FacebookShare on TwitterView more
The Business Times
Create a free account with Business Times for seamless access across SPH Media products.
REGISTER
LOGIN

Property

St James's Place moves to bid pricing on UK property fund

Published Fri, Jul 8, 2016 · 09:57 AM
Share this article.

[LONDON] St James's Place has moved to bid pricing on its £2.7 billion ($4.71 billion) UK property fund, following a string of other British property funds which have cut valuations or suspended trading.

The firm made the change to its SJP Property fund on Wednesday, a spokeswoman for the company said in emailed comments on Friday. Bid pricing gives investors looking to redeem their money a less favourable price.

Retail investors have been rushing to redeem high-yielding but risky property investments after Britain voted last month to leave the European Union.

REUTERS

BT is now on Telegram!

For daily updates on weekdays and specially selected content for the weekend. Subscribe to  t.me/BizTimes

Property

SUPPORT SOUTH-EAST ASIA'S LEADING FINANCIAL DAILY

Get the latest coverage and full access to all BT premium content.

SUBSCRIBE NOW

Browse corporate subscription here