Brexit Impact: 3 More UK Property Funds Suspend Trading
July 7, 2016
Three more property funds in the United Kingdom announced temporary halts in withdrawals on Wednesday, while a fourth — which also announced a 24-hour freeze — cut its fund value by 17 percent. The announcements follow moves by three other real estate funds, which imposed similar curbs on withdrawals earlier in the week — all of them a fallout of the vote in the U.K. to leave the European Union, a decision that is affecting the country’s real estate sector hard.