Columbia Threadneedle has suspended dealing in its £1.4bn property funds stopping investors from buying or selling shares.
Canada Life also announced the suspension of its £222.9m fund moments later.
The announcements came less than an hour after Henderson halted redemptions.
Columbia said it had taken the decision to suspend trading in two funds – its PAIF, and feeder fund, from 12 noon today to protect investors.
It said: “We have not been immune to the recent trend of retail outflows from the sector and so far these requests have been met from the cash balance retained within the Threadneedle PAIF.
“However, it is expected that these requests to sell will continue for the time being due to uncertainty in the market following the UK Referendum result, therefore the temporary suspension of dealings allows sufficient time for the orderly sale of assets, and protects the interests of all investors.”
Earlier: Henderson halts redemptions
Threadneedle said its fund had minimal exposure to large central London properties subject to international demand, such as City of London offices.
The move to suspend was approved by the funds’ depositary, Citibank Europe Plc, UK branch, and the FCA has been notified.
Canada Life told investors: “We did not take this decision lightly as we understand how this may affect you and your clients. We will endeavour to lift the deferral as soon as practically possible.”
