Standard Life UK property fund set to lift dealing suspension
In as many weeks the second UK Bricks and Mortar fund is set to lift the dealing suspension put in place on the 4th of July. Standard Life UK property fund will lift its dealing suspension on the 17th of October which is 2 months ahead of its predicted re opening. The managers of the fund believe the UK commercial real estate market has sufficiently stabilised to allow the fund to re-open its dealing book with sufficient liquidity to meet its redemptions. The fund remains at a yield of over 4% and is confident in retaining that figure throughout the remainder of 2016.