Brandeaux delists from Irish stock exchange

student

Last week, the £1 billion Brandeaux Student Accommodation funds delisted shares from the Irish Stock Exchange.

The Brandeaux Funds are invested in student accommodation, residential ground rents and reversionary properties throughout the United Kingdom, but have struggled since its fund range was suspended last year as a result of issues with liquidity.

The fund admitted that it still cannot confirm when it will be able to meet redemptions. As advisers are faced with the prospect of explaining this latest development to clients who are invested in the fund, Brandeaux is claiming the delisting will “give as much flexibility as possible.”

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