Columbia Threadneedle will lift the suspension of redemptions in its property funds on 26 September.
The Threadneedle UK Property Authorised Investment Fund will re-open for the first time since 6 July because the commercial property market has stabilised, the asset managers said in a statement this morning.
The fund will open without penalties for those wanting to sell their shares and will have monthly valuations.
Although Columbia Threadneedle said it was confident in meeting redemption requests, it added that it might be forced to suspend again under “expectational circumstances” if there is another rush to sell.
Earlier this month, Canada Life also lifted the suspension on its property fund with a 7% discount.
Property funds at Aviva, M&G, Henderson and Standard Life are still suspended after closing at the start of July.
Explainer: What’s going wrong with open-ended retail funds?
From September: Canada Life restarts redemptions
From July: Retail funds review urged
• To send feedback, e-mail karl.tomusk@estatesgazette.com or tweet @ktomusk or @estatesgazette
