Embattled student property fund aborts £1bn IPO
The Brandeaux Student Accommodation fund has backtracked on plans to float its portfolio.
The fund had said at the start of June that it would float its £1.1 billion portfolio in a bid to meet investors’ demand for redemptions.
It planned to float its portfolio of student accommodation by listing a subsidiary company Liberty Living, but last week announced that it would no longer press ahead with the initial public offering (IPO) …