The grasp fund, which at £768.8m in belongings underneath administration is the second largest open-ended UK property fund within the sector, at the moment invests in direct UK actual property.
At a unprecedented normal assembly on 18 September, shareholders will vote on a proposal to transition the fund to a hybrid technique. This transformation would cut back the fund’s direct publicity to UK actual property whereas growing its allocation to oblique actual property investments.
The FTSE 250 asset supervisor additionally has plans to broaden the fund’s geographical mandate in direction of a extra world focus, which would come with eradicating ‘UK…
