Property funds/Available for Sale/IFRS 9

Interested to know whether anyone who has an investment in a property fund has considered the impact of IFRS 9 on how they will account for changes in the value of the fund. My understanding is that the likely effect will be that gains/losses on revaluation which can currently be held on the Balance sheet in an Available for Sale Reserve until sale of the asset, will have to be recognized in the CIES immediately.
I'm aware that CIPFA published an Invitation to Comment on the 2017/18 Accounting CoP which included questions on the adoption of IFRS 9, but don't know whether anything has been produced with the results/responses.
Grateful for any thoughts or comments.