Corona virus spread and its implications for the real estate sector has frozen a number of real estate funds in Britain, which means that 20 billion pounds are no longer available to investors.

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According to Arabia Net, valuation of assets within real estate funds became almost impossible, which prompted a number of companies to freeze their funds, the last being Black Rock, Schroeder and Legel General Group.


The value of the funds frozen for institutional investors was approximately 9 billion pounds.


The move comes after similar measures from a number of funds that have frozen 11 billion pounds of individual investor money.


It is worth noting that some funds did not freeze their funds but rather decided to revalue their funds, for example AEW UK Core Property reduced the value of its assets by 14%.