Sept 19 (Reuters) - Henderson Global Investors plans toreopen the UK property fund it suspended after Britain's vote toleave the European Union, making it the fourth asset manager tolift suspensions imposed in the wake of the surprise result.
The Henderson UK Property PAIF and its Feeder Fund was oneof several UK retail funds suspended to control redemptions byinvestors who wanted to withdraw money due to fears commercialproperty prices would fall after the referendum.
Henderson said on Monday that clients could place redemptionrequests from Sept. 21 as it had established a liquidity bufferby selling properties since the vote, with a majority sellingfor more than their valuations at the end of 2015.
"Good progress in asset sales has enabled re-establishmentof a liquidity buffer while maintaining a high quality,"Henderson said in a statement, adding that it aimed to reopenthe fund on Oct. 14.
Aberdeen Asset Management, Columbia Threadneedle andCanada Life have previously lifted suspensions on their UKretail property funds, while Aviva Investors, M&G and StandardLife are yet to reopen. (Reporting by Esha Vaish in Bengaluru; editing by David Clarke)