Push for offshore student property fund to be liquidated
The majority shareholder in a student property fund sold by advisers to retail investors called for the fund to be liquidated after redemptions were suspended for more than a year.
The Financial Times reported the property manager of the Guernsey-based Mansion Student Accommodation Fund was asking for the liquidation of the fund in a letter to investors.
The Mansion Group runs the properties held within the fund and is the largest shareholder in the vehicle, which was valued at £250m last October …