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Fiera Real Estate and Packaged Living purchase 4.8-acre site in Southampton, Hampshire to develop a large mixed-use scheme boasting build to rent, office and hotel uses. Packaged Living is to undertake a significant mixed-use redevelopment which will comprise Build-to-Rent units, Grade A offices and a hotel. The site was purchased through the Fiera Real Estate (FRE) Opportunity Fund V UK, the latest fund in FRE UK’s programmatic venture series with CBRE Global Investment Partners. This is the 9th acquisition for the Fund and brings the total amount committed to over £100m. The site is prominently situated directly opposite the city’s central railway station and less than 5 minutes’ walk to the city centre. It is a short distance away from a diverse mix of retail, hospitality and cultural uses, and it is ideally located to provide sustainable, urban living, together with suitable employment uses. The population in Southampton has grown by 13% over the past 15 years and is expected to grow by a further 5% by 2025. The scheme has been designed to meet the pressing need for new homes within the city centre and will help to enhance the quality of life for the growing population in the area. It will also support new jobs and provide vital investment at an important time. Packaged Living will redevelop the existing retail warehouse site, previously occupied by Toys-R-Us, in four phases which have been designed to take account of the emerging masterplan for the Mayflower Quarter area and will comprise of apartments alongside fantastic amenities, retail, hotel and commercial space as well as vibrant new public realm. As with all Packaged Living schemes, environmental and social values are at the heart of the design and the scheme will be targeting net zero carbon construction targets and selecting low embodied carbon in specified building targets.

Groundworks are now underway to prepare for the construction of Cadent’s new office facility in Wolverhampton. The scheme is being developed by Opus Land and funded by the Fiera Real Estate Long Income Fund UK. The 2.95-acre site sits in a prominent location on Planetary Road, less than a 30-minute drive from Birmingham city centre. […]

The construction of Cadent’s new 90,000 sq ft facility at Prospero Ansty Park hit a huge milestone last month as the key leaders involved in the project came together to celebrate the topping out ceremony. The bespoke office is being developed by Manse Opus on behalf of Cadent Gas and will be ready for occupation […]

Osborne Clarke's Tim Simmonds discusses the law firm's move to Halo in Bristol with Cubex's Peter Walford and Steve Wright from Fiera. The law firm Osborne Clarke signed a prelet to take 74,000 sq ft at Cubex’s Halo building for its new Bristol office right on the eve of the Covid-19 pandemic in February last year. Since then, its lawyers and support staff will have spent precious little time in the office. The experience of having to work from home for months on end has sparked much debate on the future of the office and whether corporates will scale back their space requirements.

Bank of London and The Middle East (BLME) has provided £8.3m in financing to fund the purchase of two commercial properties in Rotherham and Nottingham. The buyers of both properties are based in the Gulf. In Nottingham, BLME has provided £5m for the Fiera Real Estate fund, an open-ended real estate fund run in partnership between Fiera Real Estate UK and Darin Partners, to buy a property making up the flagship dealership for BMW in Nottingham.

Fiera Real Estate (FRE UK), Darin Partners and Bank of London and The Middle East (BLME) have acquired a BMW flagship dealership in Nottingham for over GBP9 million, reflecting a net initial yield of 6.1 per cent. The BMW dealership is fully let to Sytner Ltd, the UK’s largest motor dealership group on a FRI lease with 16.4 years unexpired. The property comprises a 2.5-acre site encompassing a 41,879 sq ft car dealership, together with 343 car parking spaces. The building, constructed in 2003, and refurbished more recently, consists of high specification showroom, office and dealership space.

Fiera Real Estate’s UK arm, together with Darin Partners and BLME, has purchased a BMW flagship dealership in Nottingham for more than £9m. FRE UK acquired the asset through the GCC UK Property Trust, an open-ended real estate fund run in partnership with Darin Partners. BLME provided senior debt financing for the deal.

Fiera Real Estate and Danescroft are pleased have announced the sale of their Residential Land Partnership’s (RLP) five-acre site adjacent to Shopwhyke Road in Chichester to Bellway Homes for GBP6.55 million. Following the unconditional purchase of the brownfield site in 2019, planning consent was obtained by Danescroft for 88 residential units. Previously comprising redundant office/industrial space and hard standing, the grant of consent and onward sale will bring forward more much needed housing in this sought after location.

Bellway Homes has bought a former quarry on the outskirts of Chichester in Sussex, with planning consent for 88 homes. The housebuilder has agreed a £6.55m deal for the five-acre plot from Fiera Real Estate and Danescroft.

Fiera Real Estate and Danescroft have sold a five acre brownfield site in Chichester in West Sussex, England to Bellway Homes for £6.55m, as part of their Residential Land Partnership. Danescroft obtained planning permission to build 88 residential units at the site, which the partners bought on an unconditional basis in 2019.