Janus Henderson Group aims to reopen its property fund next month, almost a year after trading was suspended.
The asset manager said it will end the suspension of the Janus Henderson UK Property PAIF and its associated feeder fund from midday on 24 February.
Dealing in the fund was suspended last March after valuer CBRE declared material uncertainty around the valuation of the portfolio due to the Covid-19 pandemic. The firm has sold 11 assets from the fund while dealings were suspended.
Simon Hillenbrand, head of UK retail at Janus Henderson Investors, said: “We acknowledge that the dealing suspension has represented a serious disruption of service to clients. However, the decision to temporarily suspend dealings has allowed us to safeguard clients’ interests, raise liquidity levels and ensure the characteristics of the fund are not compromised, balancing the interests of investors who wish to remain invested in the fund and those who would like to redeem.”
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