Many of the UK's leading open-end property funds for retail investors are now significantly overweight in retail after selling assets in other sectors to meet redemptions. The most extreme example is Aberdeen UK Property Fund, which has about 55% of its portfolio invested in retail. That figure looks set to increase further as the fund is in the process of selling its largest office holding, 60 Charlotte Street in the West End. Last week, Property Week revealed that it had agreed to sell the property, which used to be Channel 4's head office, to Westbrook Partners for £80m.
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