New Star International Property Fund exceeds £300 million

New Star is delighted to announce that the New Star International Property Fund has exceeded £300 million in funds under management, a figure that has been achieved in less than three months since launch.

The popularity of this fund shows that intermediaries and investors are continuing to seek diversification through direct commercial property. Recent volatility in equity and bond markets has served to remind investors of the importance of having a well-diversified portfolio.

Since launch, the New Star International Property Fund has acquired a number of prime buildings in Amsterdam, Berlin, Hiroshima, Munich, Osaka, Singapore Sydney and Tokyo. The international property team is actively seeking further prime properties to purchase.

Stuart Webster, head of global property at New Star, says: “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.

“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.”