Brandeaux confirms IPO for suspended £1bn student property fund
Property investment house Brandeaux has confirmed that it will list its stricken Brandeaux Student Accommodation fund on the stock market as it seeks to repay investors.
The open-ended fund was suspended in July 2013, along with the rest of Brandeaux’s range, following higher redemption requests and problems with market liquidity. The firm has been examining ways to boost liquidity since.
An announcement to the London Stock Exchange says that the fund, which was valued at £1.1bn on 30 April, will go through an initial public offering and then acquired by Brandeaux-owned brand Liberty Living …