More property funds suspended as Brexit tremors continue in the City | Business | The Guardian:
"Britain’s vote for to leave the EU has sent further shock waves through financial markets, with three more property funds suspended, the pound plunging and share prices falling amid fresh uncertainty about the economic impact of the decision to leave the EU.
Funds responsible for investing some £14bn in shopping centres, office blocks and warehouses have now locked out investors following the decision by Henderson, Threedneedle Columbia and Canada Life to suspend dealing on Wednesday after being swamped by investors attempting to redeem their cash.
The three made their announcements after Standard Life, , Aviva and Prudential’s M&G barred investors from withdrawing their cash earlier in the week. The suspensions mean that half of all UK retail property funds are suspended, according to calculations by Hargreaves Lansdown, and there were expectations that more would follow."
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