New Star International Property raises £206m

The group says the amount raised was even more exceptional because the fund has yet to be linked to most of the major fund platforms. Only two platforms, Cofunds and Transact, were able to link during the fund’s offer period. However, New Star International Property fund was the best selling fund on the Cofunds platform for the month of May, despite being available for only two weeks of the month. Other platforms are expected to link to the fund in the next week. New Star’s property team, which manages nearly £3bn of property assets, has exchanged on £121m of prime properties in the N...