US developer targets UK after raising over $500m

A new US property developer has raised more than $500m (£386m) as part of a plan to break into the UK market. California-based Creative Science Properties, which supplies office space to biotechnology and healthcare companies, will invest the funds initially in the US before targeting the UK in 2020. The firm began raising equity over the summer, seeking investment from sovereign wealth funds, institutional investors and family offices. The fund had its final close two weeks ago. It was co-founded last month by Alan Gold and John Bonanno, who both previously worked for Blackstone’s BioMed Realty, the former having founded