Henderson will reopen its UK property funds from 14 October.
In a statement today, the asset manager said it has re-established liquidity following sales in the UK Property PAIF and Feeder Fund.
These sales included the Coutts headquarters at 440 Strand, WC2, which Royal Bank of Scotland bought last week for around £198m – a 4% yield.
Ryder Court at 12-16 Ryder Street, SW1, was also put under offer in August to a private Chinese buyer for £110m – a 4% yield.
Ainslie McLennan, co-manager of the funds, said: “We are pleased with the pricing attained on the assets sold in the period since 23 June 2016, with the majority of sales exceeding 31 December 2015 valuations, and comfortable that this was achieved without compromising the diversification and performance potential of the remaining property portfolio.”
McLennan added that the funds’ focus on core assets with long leases has not changed since it was suspended on 6 July.
The move follows similar moves by Columbia Threadneedle and Canada Life, both of which re-opened their property funds earlier in September.
Property funds at Aviva, M&G and Standard Life are still closed to redemptions.
From July: Henderson halts redemptions
From August: Far Eastern investors pump £230m into SW1
From September: RBS buys Coutts HQ
Explainer: What’s going wrong with open-ended funds?
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