Property Funds World Newsletter

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NEWSLETTER | 19 Mar 2020

UK retail property fund falls foul of coronavirus

The big news this week is, perhaps predictably, coronavirus-related with Columbia Threadneedle announcing the suspension of dealing in its retail property fund the Threadneedle UK Property Authorised Investment Fund (Threadneedle PAIF) and feeder fund, the Threadneedle UK Property Authorised Trust. The decision was taken to comply with upcoming FCA rules which require a fund to suspend if more than 20 per cent of its assets cannot be accurately valued, after the PAIF’s independent property valuer, CBRE, deployed a ‘market uncertainty clause’.

In other funds news, we report on the new Alltmore Commercial Property Fund, which offers institutional investors as well as high net worth and sophisticated individual investors, an opportunity to invest in high quality secondary office pavilions and business parks around Scotland, expanding UK-wide from next year.

For CBRE Global Investors and Aviva Investors it’s a case of a Tale of Two Cities with news of the acquisition of prime office buildings in the City of London and Paris, respectively.

Also, we look at a new report from secure cloud solutions provider Drooms, which suggests that the emergence of Application Programming Interfaces (APIs) is a disruptive force in the real estate industry, with nearly two-in-three property professionals citing APIs as the the feature they would most like to see incorporated into the tech they use.

And finally, don’t forget to vote in the Property Funds World European Awards 2020…

Property Funds World

Columbia Threadneedle suspends dealing in retail property fund

Thu | 19 Mar 2020, 10:38

Two UK retail property funds have become the latest coronavirus casualties with Columbia Threadneedle Investments temporarily suspending dealing in the Threadneedle UK Property Authorised Investment Fund (Threadneedle PAIF) and the Threadneedle UK Property Authorised Trust (Feeder Fund) from 12 noon on 18 March 2020.

Thu | 19 Mar 2020, 10:38

The Alltmore Commercial Property Fund launches this week, offering institutional investors as well as high net worth and sophisticated individual investors, an opportunity to invest in high quality secondary office pavilions and business parks around Scotland, expanding UK-wide from next year.

Thu | 19 Mar 2020, 10:38

Nearly two-in-three (65 per cent) real estate professionals have cited Application Programming Interfaces (APIs) as the feature they would most like to see incorporated into the tech they use, ahead of security (29 per cent) and blockchain (15 per cent).

Thu | 19 Mar 2020, 10:38

Across UK commercial property, capital values decreased -0.1 per cent in February, according to the latest CBRE UK Monthly Index. Rental values also decreased -0.1 per cent, while total returns were 0.3 per cent for the month.

Thu | 19 Mar 2020, 10:38

CBRE Global Investors, on behalf of an international separate account client, has acquired Premier Place, Devonshire Square, London from Greycoat and an affiliate of Morgan Stanley Real Estate Investing.

Thu | 19 Mar 2020, 10:38

Aviva Investors, the global asset management business of Aviva has acquired Le 50 rue d’Anjou building in Paris on behalf of one of its mandates.