March 27, 2021
Many commercial property investment funds have had a difficult pandemic – as workers have stayed at home, demand for office, retail and industrial space has fallen and some tenants have struggled to pay rents, or worse, gone under.
In a nutshell, the value of their holdings have dropped and the income from them has dried up.
Some investors in these funds have had a particularly galling experience, with a few being unable to sell their investments because of a lack of liquidity in the funds they hold.
For example, investors in the £2.1billion M&G Property Portfolio Fund have been trapped since December 2019 and only in recent weeks has the investment manager talked about moves to reopen the fund.
However, one fund that has successfully tiptoed its way through this chaos is a real estate investment trust listed on the London Stock Exchange.
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