Deals
Investors Want Out of a $1.1 Billion London Property Fund
- Fund is offered by Schroders and managed by Grafton Advisors
- Redemptions said to force Welput fund to sell buildings
Investors’ desire to exit shows wavering faith in London real estate, even though the city’s office market has proved resilient in the past two years and largely confounded expectations of a Brexit-induced slump.
Photographer: Simon Dawson/BloombergThis article is for subscribers only.
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Investors in a Schroders Plc real estate fund that owns some of London’s priciest offices are seeking to withdraw almost one-fifth of the 836 million pounds ($1.09 billion) pool as Brexit-related worries have mounted, people with knowledge of the matter said.