Brandeaux has sold its troubled property portfolio, Liberty Living, to the Canada Pension Plan Investment Board for £1.1bn allowing it to return nearly all of its shareholders money.
Regulatory Legal Solicitors, the law firm which is seeking redress for investors in a number of high profile fund suspensions, is now setting its sights on the LM Investment Management fund range.
A law firm representing 20 former investors in the Brandeaux range of student accommodation funds said it is now in a position to initiate claims against advisers.
A former £5m investor in the suspended Mansion Group Student Accommodation Fund has suggested the fund’s problems stem from ‘overegged’ performance expectations.
The Mansion Group has suspended its Channel Island-listed Student Accommodation Fund.
Brandeaux has confirmed it is looking to generate liquidity by selling properties within its £1bn Student Accommodation Fund, but denied it is a distressed seller.
UK property investor Brandeaux has suspended all of its funds, citing problems with market liquidity and pressures from investors wishing to redeem their investments.
