Financial Times FT.com

Gold rush hits prime property

By Steve Johnson

Published: November 22 2009 09:43 | Last updated: November 22 2009 09:43

A dramatic turnround in the European commercial property market is already leading to fears of overheating in some cities.

Fund houses such as Hermes and Threadneedle are implementing measures to stagger inflows after attracting a flood of money, even as other investment managers are only now scrapping the redemption restrictions they imposed at the height of the financial crisis.

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