Fiera Real Estate has announced the final close of Fiera Real Estate Logistics Development Fund UK (FRELD).

With capacity to invest up to £420 million (€507 million) and with leverage of up to 50 percent, 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 in major metropolitan areas anchored by strategic transport infrastructure, with access to one million people within 45-minute drivetime catchments.

FRELD has been able to take advantage of softer pricing conditions in the sector, and drive deal flow by leveraging its unique operating partner model. It has a minority stake in nine regional property companies across the United Kingdom, providing it with hyper-granular origination capabilities and access to off-market opportunities. Together with i