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Fiera Real Estate UK closes fifth value add fund at GBP180m

Fiera Real Estate UK (FRE UK) has held the final close of  Fiera Real Estate Opportunity Fund V (FREOF V) at GBP180 million.

FREOF V is the fifth and largest Fund in the Firm’s value add series which has raised over GBP780 million to date.

The firm launched FREOF V in November 2019 to take advantage of the unprecedented transitional buying opportunities created by Brexit and the Covid-19 pandemic. The fund is targeted to deliver a 15 per cent total net IRR to investors with little to no leverage.

The GBP180 million came from both UK and overseas investors, which, coupled with its successful close during the pandemic, reflects the resilience of UK real estate as an asset class and increased global investor confidence in the UK market.

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