Highbridge

Fiera Real Estate (“FRE UK”) and Cubex are pleased to announce the acquisition of a 12-acre greenfield site adjacent to the M5 near Highbridge with a GDV of £25m. The business plan is to obtain planning permission and speculatively build out a Grade A 160,000 sq.ft logistics unit.

The site was purchased through the Fiera Real Estate Opportunity Fund V UK (“FREOF V UK”), the latest fund in FRE UK’s programmatic venture series with CBRE Investment Management. This is the 11^th acquisition for the Fund which has over £100m of equity committed.