Henderson Global Investors has become the fourth investment manager to suspend trading in an open-ended UK property fund.
Henderson said its UK Property PAIF and feeder fund, aimed at retail investors, have been closed to redemptions.
Uncertainty generated by the EU referendum in the UK was cited as the reason for the move.
Columbia Threadneedle has also announced it has taken a similar move.
Henderson today said redemptions had reached “abnormally high levels” following the UK’s vote to exit the EU.
“At this stage, the longer-term impact of the referendum result is unknown,” said Simon Hillenbrand, head of UK Retail in a letter to investors.
The fund, which Hillenbrand said is “well-located with a good mix of tenants”, could be reopened once the fund has sufficient cash to redeem investors.
Read what the suspension of fund redemptions mean for institutional investors here.