New Star takes punt at Asian commercial property
New StarÆs UK retail-oriented fund raises ú206 million to acquire core and core-plus commercial buildings across Asia Pacific.
The New Star International Property Fund has raised ú206 million ($415 million) from retail investors in the United Kingdom. In terms of Joe Public in the UK High Street finding investment access to Asian commercial properties (a product heÆd probably never even imagined he ought to hold), this fund represents something of a novel proxy, and an alternative to buying a Phuket timeshare.The fund is being managed by Roger Dossett, supported by Stuart Webster and Robin Carr in Europe. New…
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