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New investments fund targets international commercial properties
Thu, 08 Feb 2007
UK investors who wish to target international direct commercial property have been put on alert after asset management company New Star Investment Funds announced the launch of a new investments project.

The New Star International Property Fund, which will be made available in early summer, is believed to be the first UK-authorised investments fund that will concentrate upon non-UK properties.

At first, the fund will focus upon housing in western Europe, central Europe and Asia - although this could change eventually if better returns on investments are predicted elsewhere.

The fund will be overseen by Gregor Logan, Robin Carr, Simon Tyrell and lead manager Roger Dossett.

And Mr Dossett has outlined the method that will underpin his approach to international property investments.

"The requirements for successful international property investment are broadly the same as for the UK," he said.

"The key is to find properties let to high-quality tenants on strong leases with good prospects for rental growth."

On January 1st 2007, the central European countries of Bulgaria and Romania officially joined the European Union.

A number of property analysts at the time predicted that the accession could boost demand for housing in the countries from international investors.

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