TIME Investments suspends open-ended property fund on 'material uncertainty'

Freehold fund

clock • 2 min read

The £202m TIME:Freehold fund has temporarily suspended trading today (13 November), according to a statement on the firm's website.

In the notice, the management said the fund's independent valuer had "expressed material uncertainty regarding TIME:Freehold's residential property valuations". It said this was a "direct result" of the government's announcement of a consultation into restricting leaseholds on rental properties in the King's Speech last week (7 November). The new bill will ban leaseholds for new houses, but not new flats, in England and Wales, and increase the standard lease extension period to 990 years. St James's Place suspends property fund and temporarily reduces fees The TIME fund invests ...

To continue reading this article...

Join Investment Week for free

  • Unlimited access to real-time news, analysis and opinion from the investment industry, including the Sustainable Hub covering fund news from the ESG space
  • Get ahead of regulatory and technological changes affecting fund management
  • Important and breaking news stories selected by the editors delivered straight to your inbox each day
  • Weekly members-only newsletter with exclusive opinion pieces from leading industry experts
  • Be the first to hear about our extensive events schedule and awards programmes

Join now

 

Already an Investment Week
member?

Login

Trustpilot