Fiera’s Brexit gamble

Canada’s Fiera Properties is not taking much notice of the bleak Brexit forecasts.  The property arm of investment giant Fiera Capital took a majority stake in UK boutique Palmer Capital in April this year – having announced the acquisition would go ahead months earlier, whether Theresa May secured her Brexit deal in March or not.  It marked its first purchase of a property business outside its borders. The move forms part of a global expansion programme for the Toronto-based property unit, with New York also a target. Palmer Capital, run by founder and chairman Ray Palmer and executive