Palmer Capital have been shortlisted for London Deal of the Year

It was recently revealed that Palmer Capital have been shortlisted for the London Deal of the Year title at this year’s EG Awards for the recent 80% sale to Fiera Capital. We are among many other industry heavyweights such as Grainger for their GRIP REIT acquisition and Network Rail Property / Rothschild & Co  for the £1.5bn sale of its Commercial Property Estate.

On 21 December 2018, Fiera Capital Corporation, the largest independent asset management firm in Canada, agreed terms for the acquisition of an 80% interest in Palmer Capital Partners Limited, a leading UK focused real estate investment manager and backer of property companies based in London. The transaction completed on 3 April 2019.

Just over a year ago, Fiera Capital and Palmer Capital came together and realised that their aims, culture and business models had many similarities. Fiera Capital were drawn to Palmer Capital’s entrepreneurship and unique operating platform which includes ten regional property companies. In turn, Palmer Capital were eager for growth, and attracted to the young, entrepreneurial, ambitious nature of Fiera Capital (Fiera Real Estate has grown from £0 AUM in 2012 to c. £3 billion AUM in 2018).

The deal marks a marriage between two like-minded, highly successful real estate asset management firms, who together will pool their expertise and knowledge to expand globally, increase and diversify their offering to investors, and seek to use the opportunities that will arise from a post Brexit environment to create value.

We are therefore very happy to have been shortlisted by EG for the London Deal of the Year award for this fantastic, and very promising, deal.

Best of luck to everyone who have been shortlisted for this year’s awards!