Standard Life Investments has put another property up for sale to repay redemptions in its retail fund.
The Edinburgh-based fund manager put Watergate House, 13-15 York Buildings, WC2, on sale for £18m.
Last week, they also put 48-54 Charlotte Street, W1, on the market through JLL for £26m.
Earlier this week, Aberdeen Asset Management sold the biggest asset in its property fund, 355-361 Oxford Street, W1, to Norges Bank Real Estate Management for £124m. The fund has since reopened for redemptions.
Henderson is also selling Coutts HQ, 440 Strand, WC2, for £220m and Ryder Court, St James’s, SW1, for £82m.
Meanwhile, L&G reduced the discount on its £2.5bn property fund to 10% after initially cutting it to 15% following the EU referendum – although it did not halt redemptions after the vote.
Investors flock to fund redemption sales
Aberdeen sells largest building in its UK property fund
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