Fiera Real Estate provides €135m for UK office redevelopment

Fiera Real Estate, an affiliate of global asset manager Fiera Capital, has provided a £115 mln (€135 mln) senior debt facility to Lincoln MGT.

One Station Hill - Fiera Real Estate

This three-year loan will refinance One Station Hill, a premier Grade A office development in Reading, and fund its final leasing phase.

Completed in April 2025, the 15-story, 26,013 m2 building is already over 70% leased to major tenants, with recent deals exceeding £55 (€64) per m2—a new record for Reading. The development also features 882 m2 of fully occupied retail space.

One Station Hill is part of the larger 6.5-acre Station Hill Estate regeneration, situated directly across from Reading station and the Elizabeth Line. The first phase included the 598-unit Ebb & Flow build-to-rent scheme, recently acquired by Pension Insurance Corporation for over £200 mln (€235 mln).

The building boasts sustainability credentials such as EPC A, BREEAM Outstanding, WELL Platinum, and NABERS 4.5-star ratings. It was recognized with the British Council for Offices National Award for Best Commercial Workspace in 2025.

Eastdil advised Lincoln MGT on the financing.

Richard Howe, managing director and co-head of European Real Estate Debt at Fiera, said: “This financing underlines our conviction in high-quality, well-located assets and experienced sponsorship. One Station Hill is a standout scheme, and we are pleased to support its continued leasing and stabilisation.”

Callum Thorneycroft, managing director, MGT Investment Management, on behalf of JV Lincoln MGT, added: “Attracting further institutional capital reflects the quality of One Station Hill and the occupiers that have committed to the building. We look forward to continuing to deliver the quality offering which Station Hill provides, creating a dynamic, collaborative and amenity-rich destination in the heart of one of the UK’s fastest-growing urban economies.”