Palmer Capital bets on Brexit disruption with £250m fund

Palmer Capital has launched a £250m value-add fund, marking its first fundraise since Canada’s Fiera Capital took an 80% stake in the boutique firm earlier this year. The fund, Fiera Real Estate Opportunity Fund V, will target returns of 12-15% for institutional investor clients of CBRE Global Investment Partners. It will have a maximum six-year duration with a two-year investment window. FREOF V will focus on logistics, offices and build-to-rent. Palmer and Fiera are seeking to tap into a rise in demand for logistics space, predicting companies will be forced to review their supply chains once the UK eventually