New Star property breaks £300m mark

The fund, which raised a record £206m at launch, offers UK retail investors access to international direct commercial property. Since launch, the fund has acquired prime properties in cites across the world, including Amsterdam, Berlin, Hiroshima, Munich, Osaka, Singapore, Sydney and Tokyo and further acquisitions are in the pipeline. Stuart Webster, head of global property at New Star, said: “To raise £300 million in just three months is highly encouraging and I thank investors and the intermediary market for the tremendous support they have shown for this unique product.” ...