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BlackRock Halts Withdrawals from £3.5B UK Property Fund
- cwwc 4y agohttps://archive.ph/wctvG https://archive.ph/wctvG
- ggm 4y agoKind of inevitable. Kind of also a sign of "shits got real" in the overweight valuations on commercial listed property investment. Location location location stops working when there's 30% oversupply in the office segment. Reshaping the stock as housing demands capex. So the yield on the investment shrinks as they try and repurpose the holdings to a better revenue and value model. Unlike crypto there is a real asset. It may be a bit adrift or value terms, and you can't realise it right now but it's worth remembering in a famine you can't eat gold either: moving to cash onlt begs the question: what are you going to do with it. People shouldn't be surprised funds sometimes lock up withdrawal. It's in the fine print. A lot of the 2021/2022 drop in my pension managed funds was probably a storm of revaluation in Listed Property holdings.