LONDON, July 7 (Reuters) - Legal & General InvestmentManagement, the fund arm of insurer Legal & General said on Thursday it cut the value of its 2.3 billion sterling($2.99 billion) UK property fund by a further 10 percent,following a previous 5 percent valuation cut.
Several UK property funds have suspended trading or cutvaluations following Britain's vote to leave the European Union.
"At this time it is still difficult to predict the exactimpact of the vote to leave and subsequent market events oncommercial property values," LGIM said in a statement.
($1 = 0.7704 pounds) (Reporting by Carolyn Cohn; editing by Huw Jones)
Legal & General (LGEN)
