Taris have instructed Red Kite alongside London and Lothian to asset manage the Taris UK Property Fund.
Taris is a USA equity house that has pledged an initial £10m to invest into the retail sector in the UK.
Red Kite will be working alongside Mark Sashon of London and Lothian to source, purchase, manage and create added value on properties in prime retail pitches within secondary Market and Cathedral towns in the UK
The first purchases will be made with the next six weeks - news to follow.
It is intended to bring leverage in once the properties have been cleaned up in investment terms and this will bring the initial Fund to around £20m.