Aviva Investors' European Property Fund suspends dealing

Dealing has provisionally ceased because weaker market conditions have led to a lack of liquidity in the fund, according to Ben Stirling, managing director continental Europe real estate at Aviva Investors. “The European commercial property market has slowed and it is taking longer to turn properties into cash at acceptable prices. At the same time, redemptions have been running at high levels,” he said. A number of European real estate funds have suspended in the last few weeks due to market difficulties, he added. Consequently, the EPF will not meet redemption requests until the liquid...