Investment Approach
The Fiera Real Estate UK Long Income Fund (FRELIF) is an open-ended real estate investment fund that launched in 2009 and became open-ended in 2016. It focuses on acquiring assets with a core risk profile.
The investment objective is to provide Fund Investors with a target level of income together with the potential for capital growth, by investing in a diversified low-risk portfolio of primarily commercial real estate properties throughout the UK.
The vehicle is targeted to deliver a net 4 – 4.5% income return*, via quarterly investor distributions.
*Target rates are not guaranteed.
Key Strategies
The fund focuses on:- Core assets: Lease duration of 20 years+ at acquisition.
- Income focus: Indexation and fixed income minimum rental uplifts within leases.
- Regional diversification: Pan UK focus.
- Strong tenants: Substantial financial strength of principle tenants.
Themes
The vehicle benefits from the long term market trends of:
Technological change affecting real estate use and service
Long term demographic growth driving demand
Urbanisation focusing demand
Low fixed income yields
These themes exploit Fiera Real Estate’s vertically integrated business model, combining investment management with an operating platform of 10 specialist property companies across the UK providing superior access to stock across the market.
About the Fund
Properties which are well located in established commercial markets that display a good degree of liquidity.
Good quality modern properties built to an institutional grade.
Assets which offer either neutral indexation or market rented or under rented, and therefore offer scope for rental income growth.
Targeting asset acquisitions let to strong tenants with an average income weighted unexpired lease term of typically 15 years or more.
| OFFICE | 10% |
| STANDARD RETAIL | 17% |
| INDUSTRIAL | 42% |
| RETAIL WAREHOUSE | 17% |
| OTHER | 14% |
| Total | 100.0 |
|---|
| SCOTLAND | 14% |
| SOUTH EAST | 21% |
| SOUTH WEST | 6% |
| NORTH EAST | 4% |
| NORTH WEST | 14% |
| EASTERN | 13% |
| WEST MIDLANDS | 14% |
| WALES | 2% |
| YORKSHIRE & THE HUMBER | 12% |
| Total | 100.0 |
|---|
Our Investment Philosophy
Our deep understanding and expertise in the Real Estate asset class drives our strategy, investment approach and team configuration.
Unique Access to Deals
Ownership stakes in property companies gives access to the majority of deals in UK, on & off-market.
Extensive Granular Network
Geographic focus of our 10 property companies supports the execution of business plans.
Long Term Trust
27-year track record of creating value from an established management team.
ESG
Heavy focus on social responsibility, sustainability and governance. Signatory UNPIRI and GRESB.
Aligned & Entrepreneurial
Co-Investment alongside clients at every level ensuring that interests are aligned.
Evaluating Risk & Return
Rigorous approach to risk management, portfolio construction and diversification.
