Bloomberg

(Bloomberg) -- Look away if you’re a U.K. property investor who’s had their money frozen in a property fund. Almost 20 German funds halted redemptions following Lehman Brothers Holdings Inc.’s bankruptcy in 2008, and some are still struggling to meet government deadlines to wind down. The closer a fund gets to that deadline, the bigger the loss it takes when selling properties, according to data compiled by Cushman & Wakefield Inc.

To contact the reporter on this story: Dalia Fahmy in Berlin at dfahmy1@bloomberg.net. To contact the editors responsible for this story: Neil Callanan at ncallanan@bloomberg.net, Andrew Blackman, Cindy Roberts

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