Fiera Real Estate UK Ltd., the European real estate arm of Fiera Capital Corp., and Packaged Living Ltd., a U.K. rental living platform, have reached £200 million ($270 million) of investment capacity for their new open-end single-family housing vehicle, FRESH, after a £70 million ($94 million) investment from Homes England’s National Housing Bank.
The investment from the National Housing Bank — which is aiming to invest up to £16 billion ($22 billion) in housing delivery and regeneration during the next decade — will support further deployment into the strategy’s existing pipeline. FRESH is targeting a £1 billion ($tk billion) portfolio of high-quality, professionally managed family rental homes across supply-constrained U.K. locations.
FRESH, which was established in August 2026, will invest through forward-funding and forward-commitment agreements with developers and home builders, providing a scalable route to delivering new homes and supporting the lon