New Star International Property fund hits £300m

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 pro...