March 21 (Reuters) - Folkestone Ltd FLK.AX
* Folkestone launched Folkestone Wollert Development Fund
* Fund which has an 80 per cent interest in a circa 42.2 hectare residential land subdivision known as Amber in Wollert
* Folkestone Wollert Development fund will be seeking to raise $19.05 million of third party capital with folkestone investing an additional $6.35 million Source text for Eikon: Further company coverage: FLK.AX