Can investing in commercial property still be profitable: Warehouses and supermarkets are in - but are offices and the high street out for good?
Certain areas of UK commercial property have struggled in recent years, and this was magnified in 2020 as offices were left empty and shops forced shut
However, trusts with supermarket and warehouse mandates proved popular
Three open-ended property funds remain suspended due to the pandemic
Debate over whether open or closed-ended funds are better suited for illiquid assets such as buildings, which are hard to sell, continues
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Janus Henderson pledges to keep 15% cash weighting as it reopens property fund
UK Property Paif set to commence trading on 24 February but is cash target high enough?
Janus Henderson is reopening its UK Property Paif and feeder fund next month almost one year since it was forced to suspend dealing following the outbreak of the Covid pandemic.
In a statement on Wednesday, the firm said the fund would end the suspension at midday on 24 February.
Dealing in the fund was suspended on 16 March after its independent valuer CBRE advised on ‘material uncertainty’ around the value of UK properties because of Covid. It was frozen around the same time as a raft of other open-ended property funds, which all shuttered for similar reasons.