Guernsey-based Collins Stewart Fund Management has launched an emerging markets property fund product to exploit opportunities in urban area...

Guernsey-based Collins Stewart Fund Management has launched an emerging markets property fund product to exploit opportunities in urban areas in Turkey, Romania, Ukraine and Bulgaria. The Eastern European Property Fund will be domiciled in Guernsey and traded on London’s Alternative Investments Market. It will invest in a mix of office, retail, industrial and residential properties, and aims to close within 18 months. The fund’s initial focus will be on office and retail properties. It will be managed by Collins Stewart Property Fund Management. A new independent property advisory firm, established by Keiran Gallagher and Oliver Cadogan, will act as investment advisor helping Collins Stewart build a network of local contacts in each country. “We are seeing many multi-national businesses entering Turkey, Bulgaria, Romania and Ukraine, despite them receiving less attention than their Central European counterparts. With recent strong economic growth and structural reforms there, we believe there are good investment opportunities available,” said Mr Gallagher.