Stellar brings its first property fund to market

Stellar Asset Management has teamed up with two property advisers to launch a specialist real estate fund, which exploits opportunities emerging from Eastern Europe.

The Stellar Baltic States fund is the first investment offering from the new market entrant.

Working in partnership with Baltic property specialists, Bristol and Stone and Capital City Developments, the fund will capitalise on the developing property market in the Baltic States. The fund will explore both development and planning changes as well as more conventional opportunities.

Stellar Baltic States has been seeded with six properties and will target annual returns of 15%.

“The real estate market in the Baltics is not yet a decade old, so continues to change and develop quickly,” Stephen McKeever, property director, Stellar Asset Management.

Former Close employees Jonathan Gain, Craig Reader, McKeever and Gordon Pugh formed the specialist property investment company in April.

Minimum investment in the product is £25,000. Initial commission of 4% and 0.5% trail are available to advisers.

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