BlackRock defers Q3 redemptions from £3.5bn UK property fund

The asset manager had previously announced it would limit redemptions for Q2 due at the end of September, and is now deferring withdrawals that were originally due to be paid at the end of December.  Since September, other players including Schroders, Columbia Threadneedle, M&G and CBRE have also restricted withdrawals from their UK property funds to limit liquidity pressures as investors rushed for the exits in light of rising interest rates and a gloomy economic outlook.  UK property funds impose liquidity limits - reports However, much of the redemption demand is from Britis...