Stellar AM targets Baltic property in launch

The Stellar Baltic States fund will “identify ‘off-market’ deals” through local firms Bristol and Stone and Capital City Developments. Stellar says the product, which will seek annual total returns of 15%, is aimed at providing asset growth over the short to medium term and will explore “development and planning changes as well as more conventional opportunities”. Jonathan Gain, Stellar chief executive, says: “This is a particularly exciting venture as the fund has been seeded with six properties, allowing investors entry at the original purchase cost. “There is a window of opportunity t...