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Standard Life Investments suspends trading in UK real estate fund

Published 04/07/2016, 17:49
Updated 04/07/2016, 17:50
© Reuters. British & Irish Lions 2017 Tour Media Briefing
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LONDON (Reuters) - Standard Life Investments, the fund arm of insurer Standard Life (L:SL), suspended all trading in its UK real estate fund from 1100 GMT on July 4, it said on Monday.

The decision was taken after an increase in redemption requests due to uncertainty following the EU referendum result, the firm said in a statement.

It said the suspension would end as soon as practicable and would be formally reviewed at least every 28 days.

© Reuters. British & Irish Lions 2017 Tour Media Briefing

Standard Life Investments said last week that it had reduced the value of the fund, which invests in UK commercial real estate assets, by 5 percent.

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