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Fiera’s acquisition of Palmer Capital: one year on

January 06, 2020 / Evelyn Lee

The UK investment manager formerly known as Palmer Capital Partners is embarking on its largest-ever real estate fundraise. It is also relaunching its core vehicle one year after selling a majority stake to Canada’s Fiera Capital.   Newly rebranded as Fiera Real Estate, the firm launched Fiera Real Estate Opportunity Fund V in November with a seed investment of more than £30 million ($39.45 million; €35.26 million) from CBRE Global Investment Partners, the indirect private real estate arm of CBRE Global Investors. The vehicle has a target of £250 million. This would make it the largest in the series formerly known as the Palmer Capital Development Funds, which raised between £51.70 million and £225 million, according to PERE data. We see a bigger market opportunity in 2020,” said Alex Price, chief executive of Fiera Real Estate. “I’ve not seen a catalyst for change like Brexit come along in my lifetime, where suddenly you&r...