Collins Stewart offers closed-end property fund

Collins Stewart will this month launch a closed-end property fund investing in major urban centres in Turkey, Romania, Ukraine and Bulgaria, with a target annual dividend, once fully invested, of at least 7.5%. The investment adviser to the fund will be a new emerging markets property advisory company set up and managed by Keiran Gallagher and Oliver Cadogan. The fund will invest in a range of office, retail, industrial and residential properties in the target countries and aims to be fully invested within 12 to 18 months. Cities it will initially focus on will include Istanbul, Kiev, Sop...