The New Star International Property fund has passed £300m under management in the three months since launch.
The fund, which raised £206m initially, is the first to offer direct international commercial property to UK retail investors.
New Star says an increasing number of investors and IFAs are seeking diversification through direct commercial property.
The fund has acquired buildings in a number of worldwide locations, including Amsterdam, Berlin, Munich, Osaka, Tokyo, Hiroshima, Singapore and Sydney.
New Star global property head Stuart Webster has thanked investors and IFAs for the “tremendous” support shown to the fund.
“There is a strong demand for international direct commercial property and we have already found a number of properties and markets that will form the next stage in the continued growth and diversification of the New Star International Property fund,” he says.
To comment on this story, contact:
0207 034 2681
Three shifts in sector
Takeover rumours continue
Raised £116m in total
Protecting and dividing family wealth
'Pensions could veer off course'