There's an interesting Investors Chronicle piece blaming the swift residential property recovery for peeing on the recovery fund picnic. According to research in the magazine, attempts to raise £770m to pick up undervalued bricks-and-mortar have failed drastically, raising just 2% of that figure, with two funds biting the dust completely and othesr pushing out closing dates. More here.

New Black Katz property fund [April 20, 2010]

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