Fiera Real Estate UK, an affiliate of Fiera Capital Corp., has announced the final close of Fiera Real Estate Logistics Development Fund UK (FRELD).
With capacity to invest up to £420 million (€507 million/$530 million) gross development value and with leverage of up to 50 percent, FRELD’s final capital raise completes subscriptions to its development-led, value-add strategy, which made its debut acquisition in 2022. The fund’s investor base comprises a diverse mix of U.K.-based Local Government Pension Schemes as well as pension funds from the United States, Europe and Asia, alongside proprietary co-investment.
FRELD is already 85 percent deployed after acquiring 10 prime assets in the United Kingdom’s leading logistics hubs such as Heathrow, Reading, Cambridge, Hayes and Edmonton. The fund is actively seeking additional opportunities for small-to-mid box logistics developments of up to 25
