Fiera Real Estate’s New £170 Million Logistics Development Fund

Osborne Clarke has advised leading investment management company, Fiera Real Estate UK, on the deal.

Fiera Real Estate UK launched the Fiera Real Estate Logistics Development Fund (“FRELD”) which has completed its first close with c.£170m of equity committed from investors.

FRELD is targeting a total investor commitment of £300m and is the firm’s first logistics sector-focussed development vehicle which will take advantage of the unprecedented occupier and investor demand for logistics real estate. It will have a maximum five-year duration with a two-year investment window, as well as a strong focus on ESG with all projects targeting net-zero carbon construction.

FRELD will utilise the expertise of FRE UK’s unique pan-UK operating network of eight property companies, which provide extensive access to local knowledge and deal flow in all key regions. The combination of its operating network and clients’ institutional capital offers FRE UK a significant advantage in sourcing projects and delivering on its ambitious logistics pipeline.

FRELD will develop new units of up to 300,000 sq.ft, all built to a Grade A specification, located in major metropolitan areas and supported by prime transport infrastructure. Chosen sites will typically have one million people within 45-minute drivetime catchments. All assets in the portfolio will meet rigorous environmental and social requirements set by FRE UK’s Sustainable Design Brief, which align with its ambition to drive positive change and contribute to a low carbon economy.

Osborne Clarke’s team was led by Partner Tim Simmonds (Picture), who was supported by Associate Sebastian Biggam.

Involved fees earner: Sebastian Biggam – Osborne Clarke; Tim Simmonds – Osborne Clarke;

Law Firms: Osborne Clarke;

Clients: Fiera Real Estate;

Giulia Di Palma

Author: Giulia Di Palma