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Columbia Threadneedle freezes UK property fund as cash balance dwindles

Cash in the fund at a level where future redemption requests cannot be met 'until a further orderly sale of assets has completed'

By David Ricketts
Columbia Threadneedle said the decision to suspend trading was made ‘with the aim of preventing any investors being disadvantaged by those redeeming from the funds'
Columbia Threadneedle said the decision to suspend trading was made ‘with the aim of preventing any investors being disadvantaged by those redeeming from the funds' Photo: Getty Images

Columbia Threadneedle has frozen trading in one of its retail UK property funds after a depletion in the amount of cash held to pay back the rising number of investors wanting to exit.

In a statement issued on the evening of 11 October, the £492bn asset manager said it had suspended dealing in the £453m UK Property Authorised Investment Fund as well as its feeder, the UK Property Authorised Trust.

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