Standard Life Investments has revealed its plans to reopen the £2.5 billion property fund it shut in the wake of the UK's Brexit vote – the second big asset manager to do so in 24 hours.

David Paine, head of real estate investments at the £269 billion fund manager, told a conference on September 20 that SLI was "making good progress" on rebuilding and assessing the liquidity that its UK Real Estate Fund would require when the trading suspension lifts.