Standard Life Investments has said it intends to lift the suspension of trading in its £2.5bn UK Real Estate PAIF sometime in the fourth quarter.

The group’s head of real estate David Paine said this morning he was hoping for an “orderly reopening” after it suspended trading on 4 July as it was “unable to meet redemption requests”.

“We are moving towards an orderly reopening. It would be our intention based on the progress we are making to re-open in the fourth quarter. It is something we are focusing on. We are looking to assess the level of potential redemptions that might follow a re-opening”, continued Paine.