New Star International Property to re-open on 12 February

Henderson will re-open its suspended New Star International Property fund on 12 February.

The £290.7m fund, which has been suspended since 25 November 2008, now has the liquidity necessary to re-open after a series of recent disposals. During December, the fund completed the disposals on an office in the Netherlands and a further building in Japan. The FSA has approved the introduction of a restricted redemption share class for investors who have a holding worth more than £7.5m. Should these investors, with holdings worth more than £7.5m, wish to sell shares - they will need to give one month's written notice or pay a redemption charge of 10% of the value of the redempt...