CBRE Global Investment Partners (CBRE GIP) and Palmer Capital Partners have launched Fiera Real Estate Opportunity Fund V (FREOF V).
The £250 million ($320 million) fund, like its predecessors, will target value-add and opportunistic real estate transactions in the United Kingdom. The previous funds in the series have invested a total of £600 million ($770 million), according to the companies.
“The combination of our clients’ institutional capital and our regional property company operating platform gives us a significant advantage in sourcing projects and delivering our value add business plans,” said Chris Button, fund manager at Palmer Capital.
FREOF V will focus on the industrial and office markets, as well as mixed-use schemes, capitalizing on long-term thematic trends of technological nature.
The fund launch follows a previous deal struck between Canadian independent asset management firm Fiera Capital and Palmer Capital, in which Fiera acqu
