UK fund manager New Star Asset Management has acquired office complexes in the Netherlands for EUR 150 mln. It also bought an office property in Germany from Global Property Fund, but the financial details of that transaction were not disclosed.
UK fund manager New Star Asset Management has acquired office complexes in the Netherlands for EUR 150 mln. It also bought an office property in Germany from Global Property Fund, but the financial details of that transaction were not disclosed.
Last week Hypo Real Estate Bank International finalised a seven-year, EUR 450 mln acquisition facility for New Star to provide the debt required for acquisitions across Europe and Asia. New Star was founded in June 2000 by John Duffield, previously the founder of Jupiter Asset Management. Now employing 300 people, New Star has grown to be a major player in the UK retail fund management industry, as well as a manager of institutional funds and alternative investments.
