M&G has said it will reopen its property fund on 10 May - nearly 18 months after it was suspended - offering some relief to trapped savers.
The investment firm froze its £2.1billion Property Portfolio Fund in December 2019, fearing that Brexit had caused too much uncertainty and that it would not be able to sell buildings fast enough to return cash to savers who wanted their money back.
Since then, the pandemic has piled more uncertainty onto the commercial property sector as shops have been shuttered and companies are looking to cut back on office space.
Reopening: Investors in M&G Property Portfolio Fund will be able to access their funds in May
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