Palmer Capital rebrands as Fiera Real Estate
Palmer Capital Partners Limited (Palmer Capital), the UK division of Fiera Real Estate Investments Limited (Fiera Real Estate), has rebranded as Fiera Real Estate UK Limited.
In April 2019, Fiera Real Estate, part of Fiera Capital Corporation (Fiera Capital), acquired an 80 per cent interest in Palmer Capital. This acquisition marked the start of an evolution for Fiera Real Estate’s UK division to become part of a coordinated and growing global real estate platform. The acquisition marked Fiera Capital’s first acquisition of a real estate investment management business outside of Canada.
Fiera Real Estate’s UK division will be located in Fiera Capital’s new offices in the West End of London. It will remain a UK focused real estate investment management company, as well as being a minority shareholder in ten regional property companies across the UK. It remains independently managed and part owned by the management.
“Rebranding to Fiera Real Estate reflects the creation of a new global real estate offering. However, whilst we have a new name, our people, entrepreneurial culture and relentless focus on creating sustainable value for stakeholders remains the same,” says Alex Price, Head of Fiera Real Estate’s UK division.
“We are very excited to move into this next phase of our evolution in the UK. Palmer Capital has been a great addition to Fiera Real Estate, as we pursue our mission to build a best in class global real estate investment management platform and to better serve our growing international client base” said Peter Cuthbert, Global Head of Fiera Real Estate.
Fiera Real Estate’s UK division launched the Fiera Real Estate Opportunity Fund V (UK) in November 2019, its first fund since the acquisition. It is the fifth fund in its programmatic venture series with CBRE Global Investment Partners which has invested a total of GBP600 million, and targets value add and opportunistic real estate transactions in the UK.
As of January 2020, Fiera Real Estate’s UK division has also renamed its CORE income fund Fiera Real Estate Long Lease Fund (UK), formerly known as the Palmer Capital Income Fund.
These vehicles benefit from themes that take advantage of Fiera Real Estate’s pan UK vertically integrated business model combining investment management with widespread UK geographic coverage.