The move comes as CBRE warns of market uncertainty.
Aviva Investors has suspended its property fund, following similar decisions by Kames Capital and Janus Henderson yesterday.
In a statement, Aviva Investors said the coronavirus outbreak had impacted the UK property market and “made it difficult to value the property owned by the funds with the same degree of certainty as would otherwise be the case.”
Aviva’s independent valuer, Knight Frank, advised the firm that there is material uncertainty for all assets associated with future valuation.
The firm said there is a “material risk that investors may buy and sell shares/units at a price which does not fairly reflect the value of those shares/units. If we allow dealing to continue some investors may be advantaged at the expense of others.”
Aviva Investors will suspend all dealing in the funds with effect from noon today, and is suspended until further notice.
