Investment News: Commercial Property Funds Suffer In Changing Market

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23 October: SJP, M&G Acknowledge Shift In Investor Demand

Wealth manager St James’s Place (SJP) has suspended dealings in its £924 million property fund and deferred requested redemptions in two of its other funds that also invest in commercial bricks and mortar, Andrew Michael writes.

The move comes less than a week after rival investment firm, M&G, said it would be closing its flagship property fund for good.

SJP’s decision means investors are not allowed, for now, to withdraw or contribute money to its main property fund, which owns a portfolio of offices,

The original article can be found here