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Brexit and retail perfect storm sees real estate fund outflows continue at unprecedented levels

Figures come as M&G suspended dealings in its £2.54bn Property Portfolio fund. CoStar catches up with the industry to discuss a potentially watershed moment
(Getty Images)
(Getty Images)
By Paul Norman
CoStar News
5 December 2019 | 10:44

Outflows from real estate funds accelerated in November to chalk up their third worst month this year. The figures represent a record 14th consecutive month of outflows, driven by a perfect storm of Brexit uncertainty for investors and concerns over exposure to the struggling retail sector.

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News | Brexit and retail perfect storm sees real estate fund outflows continue at unprecedented levels