• June 19 2025
  Property sector

  Regulators warn of hidden vulnerabilities in $12tn commercial property market

  Financial Stability Board flags high debt, liquidity mismatches and lack of data on banks’ exposure

  
• November 28 2024
  Investments

  St James’s Place closes £1.8bn property funds and exits market

  Investors ‘increasingly cautious’ about the asset class

  
• September 7 2024
  Adventurous InvestorDavid Stevenson

  Why I think these Reits deserve a second look

  Care home shortage and a stabilising residential market offer opportunities in rate-sensitive property funds

  
• May 30 2024
  Lex

  Where the crunch on property funds could be felt in Europe

  Illiquid property assets in liquid funds seems a fine idea until the market sours and investors want their cash

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• May 23 2024
  Starwood Capital Group Global LLC

  Starwood limits redemptions in struggling $10bn property fund

  Faced with dwindling liquidity and a wave of demands from investors, Sternlicht’s investment vehicle blocks the doors

  
• May 16 2024
  Starwood’s $10bn property fund taps credit line as investors pull money

  Heavy redemption requests come as fears rise over real estate valuations

  
• March 23 2024
  Property sector

  Duke of Westminster’s property group launches £900mn lending arm

  Grosvenor seeks to diversify away from London estate as investors rush into private debt business

  
• March 1 2024
  Blackstone Group LP

  Blackstone’s property fund meets redemptions for first time in over a year

  Pressure eases on Breit after dash for withdrawals caused the group to put limits on requests

  
• October 27 2023
  Financial services

  How investors lost their love for UK property funds

  Rising rates are draining money away from an investment that comes with worries about rising debt costs and empty offices

  
• October 23 2023
  St James’s Place suspends trading in property fund

  UK’s largest wealth manager makes move after a surge in redemption requests by investors

  
• October 19 2023
  M&G closes property fund as retail investors shun market

  Move follows lack of demand in wake of Brexit vote and pandemic lockdowns

  
• July 5 2023
  Investing in funds

  Global regulators recommend exit fees for property funds

  FSB and Iosco publish proposals to protect investors who remain in funds with hard-to-sell assets

  
• May 12 2023
  News in-depthCommercial property

  ‘Stranded assets’: investors reckon with obsolete offices 

  Older commercial real estate out of major UK cities is struggling to attract demand

  
• April 7 2023
  BlackRock Inc

  BlackRock ends block on £3.5bn UK property fund withdrawals

  Decision to allow outflows comes as regulators warn that some funds may struggle to meet redemption requests

  
• April 3 2023
  ECB calls for clampdown on commercial property funds

  Officials warn downturn in €1tn sector could trigger liquidity crisis if investors rush to withdraw money

  
• October 18 2022
  Commercial property

  Real estate investors circle as property funds offload offices and warehouses

  There is a gap between buyers and sellers on what constitutes fair value

  
• October 4 2022
  International Monetary Fund

  IMF warns funds with illiquid assets pose risk to financial stability

  Mismatch between redemptions and hard-to-sell holdings presents ‘major potential vulnerability’

  
• October 3 2022
  UK property funds limit withdrawals as pension funds shift assets

  Schroders, BlackRock and Columbia Threadneedle impose restrictions on redemptions from institutional real estate funds

  
• July 7 2022
  Property sector

  Greystar raises fresh funds as residential rental investment surges past €30bn

  Money floods into part of property market regarded as best protection against inflation

  
• November 5 2021
  LexKaisa Group Holdings Ltd

  China property/Kaisa: fire sale could spark broader real estate price decline

  Suspension of developer’s shares offers another signal of sector’s worsening debt crisis

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• December 4 2020
  M&G urged to waive fees on suspended property fund

  Investors have paid £14m in charges since trading was halted on £2.3bn fund

  
• November 13 2020
  EU financial regulation

  EU regulator says investment funds must strengthen against future shocks

  Esma concerned asset managers are not prepared for dealing with redemption requests or valuation uncertainty

  
• September 19 2020
  Property funds stay shut amid fears of liquidity crunch

  Many vehicles remain suspended as managers examine looming redemption requests

  
• September 9 2020
  St James’s Place and Columbia Threadneedle reopen UK property funds

  Removal of ‘material uncertainty’ clauses will help investment groups to resume trading in property funds

  
• August 7 2020
  Property fund investors face six-month notice periods

  FCA proposals are designed to cure longstanding liquidity mismatch

  

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