Montreal-based Fiera Capital Corp. has plans to make its first real estate foray outside Canada, according to Bloomberg. The asset manager plans to diversify its real estate holdings over the next two to three years by buying or developing properties, perhaps in the United States or Europe.
All of Fiera Properties’ assets under management are valued at about C$3 billion ($2.3 billion) and located in Canada, which include industrial, office, residential and retail properties.