UK Real Estate Funds Update #4 not good at all H/T ZH
Aberdeen company said the action has been taken due to rapidly changing commercial property market conditions and to continue to provide liquidity in the fund reflecting those conditions.
"Aberdeen's property fund continues to hold a good level of cash, which permits us to offer these options to investors, but it is imperative that we protect remaining holders by fairly reflecting the impact of short term trading on values provided to redeeming shareholders. The property market itself may take some time to find its level but we believe that the same factors that made property a good long-term investment yesterday remain true today."
UK Real Estate Funds Update #3 this...
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