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Investors scramble to dump UK property funds as valuations dive amid widening Kwarteng mini-budget chaos

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City AM

By Michiel Willems Following last week’s bond market turmoil, which sent shockwaves through the City, investors are now scrambling to exit UK property funds. Since the new chancellor, Kwasi Kwarteng, presented his Mini-Budget at the end of September, the pace at which investors are pulling out of UK commercial real estate funds has accelerated. In the 10 days following Kwarteng’s presentation, more than £100m alone was pulled from a range of property funds that are monitored by fund trading provider Calastone, according to a Financial Times report this week. This was reportedly eight times the…

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