Stellar Asset Management (SAM) has announced it will extend the offer period for its Baltic States Fund LP.
Stellar says demand for the fund has been higher than expected, and it will extend the offer period until 31 July to ensure its representatives can visit all interested investors.
A recent Stellar white paper suggests the Baltic real estate market will outperform the UK by 15% over the next two years and the fund is intended to tap into this growth.
The fund is designed to capitalise on the uplift in commercial and residential property in the Baltic States as they catch up to other EU economies.
Stellar says it is working with two Baltic property specialists, Bristol & Stone and Capital City Developments, to create a diverse portfolio to provide short and medium-term asset growth.
Jonathan Gain, Stellar Asset Management’s chief executive, comments: “There is a healthy appetite for non-UK property investments. We have been able to successfully demonstrate that there is value to be found in these specialist property markets which we believe will considerably outperform the UK in the short to medium term.”
Minimum investment into the fund is £25,000, with the fund seeking annual returns of 15%, and IFAs will receive 4% initial commission and 0.5% trail.
If you would like to comment on this story, contact:
Tel: 020 7484 9805
e-mail: [email protected]
Irish border, resignations, market volatility and more
Revealed – successes across all 11 categories
Fidelity International multi-asset CIO James Bateman talks to Julian Marr about recent market volatility, portfolio positioning and his thoughts on the coming year
Follows Phil Young
‘Positive so far’