It will invest through forward-funding and forward-commitment agreements with developers and house builders.
Mr Weston said: “Fiera and Packaged Living have a long-established track record in the living sectors, delivering high-quality, sustainable homes.
“In FRESH, both teams have a clear focus on addressing a critical shortfall in the UK housing market while offering institutional investors long-term yield.”
Charles Allen, head of European real estate at Fiera Real Estate, said: “Mike’s excellent knowledge of the UK institutional landscape and governance across major pension schemes will prove invaluable as FRESH moves quickly following its first close, delivering sustainable returns for our investors that set standards in institutional-grade single-family housing.”
Ed Ellerington, chief executive of Packaged Living, said: “For over 30 years, Mike has dedicated his career to delivering positive outcomes for public, private and charity sector pension beneficiaries.
“As momentum builds behind FRESH, his counsel will ensure we maximise the socio-economic impact of our portfolio, reflecting the shifting preferences we see among institutional investors.”
Fiera Capital is headquartered in Montreal, Canada. Fiera Real Estate, a wholly owned subsidiary of Fiera Capital, manages over $8.7bn (£6.5bn) of commercial property globally as of March 2026.
Fiera Real Estate’s European division, founded in 1992, is headquartered in London. Together with its operating network, it directly manages £2.6bn of assets under management and has a pipeline of more than 12,500 homes as of March 2026.
Packaged Living is Fiera Real Estate’s rental living arm, acting as investment manager, developer and operator in the UK and Europe. It is currently developing and operating around 4,000 homes and has a portfolio with a gross development value of £1.3bn as of March 2026.
