Investors in £1bn student property fund hit with delays to redemptions

Investors have told Investment Week they have been trapped in the £1bn Dublin-domiciled Brandeaux Student Accommodation fund - which rents accommodation to students under the name "Liberty Living" in major cities around the UK - for months after the vehicle delayed redemptions. According to a source, investors who submitted redemption requests eight months ago are still waiting to exit the fund. This is two months longer than the six-month redemption period given in the fund's private placement memorandum. The vehicle was already forced to suspend redemptions in December 2008 followin...