Fiera Provides £36m Development Facility for Bridges Fund Management and Chancerygate Urban Logistics Scheme

Fiera Real Estate Debt Strategies (“Fiera”), an affiliate of Fiera Capital Corporation, a global asset management firm with US$117.6 billion in assets under management, has provided a £36 million senior development facility to a partnership between Chancerygate and specialist sustainable and impact investor Bridges Fund Management for the delivery of a new urban logistics and multi-let industrial (MLI) scheme in Erdington, Birmingham.

The project, named “Torque”, will transform a 12-acre former factory site into a Grade A development comprising 22 units across 270,000 sqft, with individual unit sizes ranging from 4,500 sqft to 33,000 sqft. Chancerygate and Bridges disposed of Torque as part of a 750,000 sq ft multi-asset sale to Indurent, a leading developer, owner, and operator of industrial and logistics space across the UK.

Located less than five miles from Birmingham city centre and within close proximity to Junction 5 of the M6, the site benefits from strong transport connectivity in a prime urban logistics hub. Nearby occupiers include Jaguar Land Rover, Volvo, and Selco, further reinforcing the area’s reputation as a strategic industrial location.

In line with both Fiera’s and Chancerygate’s ESG ambitions, the scheme will target BREEAM Excellent and EPC A+ ratings as a minimum. Sustainability features will include EV charging points, rooftop solar panels, and other energy-efficient technologies designed to reduce operational carbon emissions and deliver affordable green energy to occupiers.

Richard Howe, Managing Director and Co-Head of European Real Estate Debt at Fiera Real Estate, commented:

“We are delighted to complete this facility with Chancerygate, one of the UK’s leading developers of multi-let industrial estates. Project Torque is exceptionally well located to capture growing demand for high-quality, sustainable industrial space in the West Midlands, where supply remains constrained. This investment aligns with our strategy to back experienced sponsors delivering high-specification real estate projects in structurally supported markets.”

Shreeya Panchal, head of FP&A at Chancerygate, said: “There is high demand from SME occupiers in Birmingham and throughout the West Midlands for high-quality, sustainable Grade A urban logistics and MLI accommodation.

“Our development, Torque, will help satisfy this demand and transform a site in an established industrial area with excellent infrastructure links into new employment uses.

“We are pleased to have Fiera’s support which will enhance our partnership with Bridges to provide a lasting economic asset for the region.”

The financing forms part of Fiera’s pan-European real estate debt platform, which is integrated within the firm’s US$5.4 billion global private credit offering. Since launching in 2023, the platform has deployed in the UK and Iberia.

In May 2025, Fiera expanded its private credit capabilities in Spain with the appointment of Ignacio Ruíz Gallego, formerly of CBRE Investment Management.