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.
