Property funds that own offices, shops, industrial units and warehouses are freezing their assets as fundholders seek to remove their investments in them. In a recession, such properties are millstones, as they go quickly into negative equity and are hard to shift unless you do so at a loss.

Businesses contracting and cautious entrepreneurs no longer want accommodation and this leads to a glut of empty properties which exacerbates the problem.

In this climate, who would fund Sidford Fields and why?