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No quick fix to free $23bn frozen in UK realty funds

  Bloomberg It took seven working days from the result of Britain’s shock vote to leave the European Union for Standard Life Investments to freeze withdrawals from its £2.9 billion ($3.8 billion) U.K. real estate fund. For investors wanting to get money out, the wait is likely to be a lot longer. Standard Life’s decision, soon followed by six other ...

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Mkt demand remains strong since Brexit vote: Hammerson

  Bloomberg Hammerson Plc, the specialist retail real estate company, said demand for its properties in the U.K. remained strong after Britain’s voted to leave the European Union last month. ”We’ve seen no let-up in leasing demand — there is a healthy level of leasing activity,” Chief Executive Officer David Atkins said in an interview . ”We continue to have ...

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UK property outlook worsens as Barclays cuts homebuilders

  Bloomberg The outlook for the U.K. property market is getting a whole lot worse. Barclays Plc cut its homebuilder ratings and London investor Great Portland Estates Plc warned about weakening office markets in the U.K. capital as Britain’s economic prospects worsen following the vote to leave the European Union. “Recent events have spooked markets — with good reason,” Barclays ...

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