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The UK purpose built student property sector has experienced yet more trouble with the HC Mansion Student Accommodation Income and Growth fund forced to suspend redemptions after suffering liquidity problems. The £45 million UK-domiciled fund shares a name and management company with the Guernsey listed Mansion Student Accommodation Fund which suspended redemptions in October last year, though the managing company Host Capital has no connection to the Guernsey fund. HC Mansion was launched only 18 months ago as one of the UK’s first regulated open-ended Property Authorised Investment Funds (PAIFs). Reasons for Suspension Christopher Finch, the manager of the fund,… continue reading