Asset Management

Aviva Investors lifts suspension on Brexit-hit property fund

Brexit vote led to widespread redemption requests at commercial property funds run by the biggest names in asset management

Aviva Investors lifts suspension on Brexit-hit property fund
Photo: iStockPhoto

Aviva Investors has become the last of the big UK asset managers to announce it will reopen a commercial real estate fund that was temporarily suspended in the wake of the June 23 Brexit vote.

The asset manager has told investors in the roughly £1.5 billion Aviva Investors Property Trust that dealing in the fund will resume on December 15. In an emailed statement on November 23, Aviva Investors also said that Mike Luscombe, co-fund manager of the property fund, will retire at the end of January.

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