Fiera Provides £36m Development Facility for Bridges Fund Management and Chancerygate Urban Logistics Scheme

Fiera Real Estate Debt Strategies (“Fiera”), an affiliate of Fiera Capital Corporation, a global asset management firm with US$117.6 billion in assets under management, as at 30 June 2025, has provided a £36 million senior development facility to a partnership between Chancerygate and specialist sustainable and impact investor Bridges Fund Management for the delivery of a new urban logistics and multi-let industrial (MLI) scheme in Erdington, Birmingham.

The project, named “Torque”, will transform a 12-acre former factory site into a Grade A development comprising 22 units across 270,000 sqft, with individual unit sizes ranging from 4,500 sqft to 33,000 sqft. Chancerygate and Bridges disposed of Torque as part of a 750,000 sq ft multi-asset sale to Indurent, a leading developer, owner, and operator of industrial and logistics space across the UK.

Located less than five miles from Birmingham city centre and within close proximity to Junction 5 of the M6, the site benefits from strong transport connectivity in a prime urban logistics hub. Nearby occupiers include Jaguar Land Rover, Volvo, and Selco, further reinforcing the area’s reputation as a strategic industrial location.

In line with both Fiera’s and Chancerygate’s ESG ambitions, the scheme will target BREEAM Excellent and EPC A+ ratings as a minimum. Sustainability features will include EV charging points, rooftop solar panels, and other energy-efficient technologies designed to reduce operational carbon emissions and deliver affordable green energy to occupiers.

Richard Howe, Managing Director and Co-Head of European Real Estate Debt at Fiera Real Estate, commented:

“We are delighted to complete this facility with Chancerygate, one of the UK’s leading developers of multi-let industrial estates. Project Torque is exceptionally well located to capture growing demand for high-quality, sustainable industrial space in the West Midlands, where supply remains constrained. This investment aligns with our strategy to back experienced sponsors delivering high-specification real estate projects in structurally supported markets.”

Shreeya Panchal, head of FP&A at Chancerygate, said: “There is high demand from SME occupiers in Birmingham and throughout the West Midlands for high-quality, sustainable Grade A urban logistics and MLI accommodation.

“Our development, Torque, will help satisfy this demand and transform a site in an established industrial area with excellent infrastructure links into new employment uses.

“We are pleased to have Fiera’s support which will enhance our partnership with Bridges to provide a lasting economic asset for the region.”

The financing forms part of Fiera’s pan-European real estate debt platform, which is integrated within the firm’s US$5.4 billion global private credit offering. Since launching in 2023, the platform has invested in the UK and Iberia.

In May 2025, Fiera expanded its private credit capabilities in Spain with the appointment of Ignacio Ruíz Gallego, formerly of CBRE Investment Management.

About Fiera Real Estate
Fiera Real Estate is wholly owned by Fiera Capital Corporation, a leading independent global asset management firm with more than USD117.6 billion of AUM. Fiera Capital provides Fiera Real Estate with access to global investment market intelligence, which enhances its ability to innovate within a framework that emphasises risk assessment and mitigation.

Globally, the firm manages over USD8.0 billion of commercial real estate through a range of investment strategies and accounts as at 30^th June 2025.

The European division of Fiera Real Estate (previously known as Palmer Capital) was founded in 1992 and is headquartered in London, UK. Together with its operating partner network, Fiera Real Estate directly manages £3.0 billion of AUM. The firm leverages a vertically integrated business model to source, create, deliver and manage best-in-class assets, combining an investment management platform with granular asset management capabilities via ownership in nine operating partners.

About Fiera Capital Corporation

Fiera Capital Corporation (“Fiera Capital”) is a leading independent asset management firm with a growing global presence. Fiera Capital delivers customized and multi-asset solutions across public and private market asset classes to institutional, financial intermediary and private wealth clients across North America, Europe and key markets in Asia and the Middle East. Fiera Capital’s depth of expertise, diversified investment platform and commitment to delivering outstanding service are core to our mission of being at the forefront of investment management science to create sustainable wealth for clients. Fiera Capital trades under the ticker FSZ on the Toronto Stock Exchange.

Headquartered in Montreal, Fiera Capital, with its affiliates in various jurisdictions, has offices in over a dozen cities around the world, including New York (U.S.), London (UK), Hong Kong (SAR) and Abu Dhabi (ADGM).

Each affiliated entity (each an “Affiliate”) of Fiera Capital only provides investment advisory or investment management services or offers investment funds in the jurisdictions where the Affiliate is authorized to provide services pursuant to an exemption from registration and/or the relevant product is registered.

Fiera Capital does not provide investment advice to U.S. clients or offer investment advisory services in the U.S. In the U.S., asset management services are provided by Fiera Capital’s affiliates who are investment advisers that are registered with the U.S. Securities and Exchange Commission (SEC) or exempt from registration. Registration with the SEC does not imply a certain level of skill or training. For details on the particular registration of, or exemptions therefrom relied upon by, any Fiera Capital entity, please consult https://www.fieracapital.com/en/registrations-and-exemptions.

Additional information about Fiera Capital, including Fiera Capital’s annual information form, is available on SEDAR+ at www.sedarplus.ca.

Disclosure

The information presented is for informational purposes only and is not intended to be, and should not be construed as, an offer to sell, or the solicitation of an offer to buy, any investment product. The information presented in this document, in whole or in part, is not investment, tax, legal or other advice, nor does it consider the investment objectives or financial circumstances of any investor.

This document may contain “forward-looking statements” which reflect the current expectations of Fiera Capital and/or its Affiliates. These statements reflect current beliefs, expectations, and assumptions with respect to future events and are based on information currently available. Although based upon what Fiera Capital and its affiliates believe to be reasonable assumptions, there is no guarantee that actual results, performance, or achievements will be consistent with these forward-looking statements. There is no obligation for Fiera Capital and/or its Affiliates to update or alter any forward-looking statements, whether as a result of new information, future events or otherwise. Version PREENG004