H.I.G. Realty Invests in Last-Mile Logistics and Industrial Outdoor Storage (“IOS”) Near Stansted Airport - London
08 Mayo 2024 - 5:00AM
Business Wire
H.I.G. Capital (“H.I.G.”), a leading global alternative
investment firm with $61 billion of capital under management, is
pleased to announce that an affiliate has acquired the Water Circle
Estate (“Water Circle” or the “Company”), a large, strategically
located industrial estate in London, U.K.
The 42-acre estate includes a portfolio of high quality, fully
let, last-mile logistics assets, located next to Stansted Airport,
one of the U.K.’s major transportation hubs. Plans for Water Circle
include establishing an employment-led prime industrial and IOS hub
in one of the most constrained logistics sub-markets in the
U.K.
Riccardo Dallolio, Managing Director and Head of H.I.G. Realty
in Europe commented, “We believe the current market dynamics
provide an attractive, entry opportunity to consolidate a portfolio
of best-in-class urban logistics and outdoor storage assets in
strategic locations across the U.K. We are confident in the
sector's potential for significant growth and its impact on Water
Circle’s expansion in the market.”
Jérôme Fouillé, Managing Director at H.I.G. Realty, commented,
“The acquisition of the Water Circle Estate is an important step
for H.I.G. in its strategy to amalgamate an urban logistics and IOS
platform of scale in the U.K. We see unabated demand and rental
growth for its assets in their current locations, due to its
proximity to key London infrastructure and major transportation
hubs.”
About H.I.G. Capital
H.I.G. is a leading global alternative investment firm with $61
billion of capital under management.* Based in Miami, and with
offices in Atlanta, Boston, Chicago, Dallas, Los Angeles, New York,
and San Francisco in the United States, as well as international
affiliate offices in Hamburg, London, Luxembourg, Madrid, Milan,
Paris, Bogotá, Rio de Janeiro, São Paulo, and Dubai, H.I.G.
specializes in providing both debt and equity capital to mid-sized
companies, utilizing a flexible and operationally
focused/value-added approach:
- H.I.G.’s equity funds invest in management buyouts,
recapitalizations, and corporate carve-outs of both profitable as
well as underperforming manufacturing and service businesses.
- H.I.G.’s debt funds invest in senior, unitranche, and junior
debt financing to companies across the size spectrum, both on a
primary (direct origination) basis, as well as in the secondary
markets. H.I.G. also manages a publicly traded BDC, WhiteHorse
Finance.
- H.I.G.’s real estate funds invest in value-added properties,
which can benefit from improved asset management practices.
- H.I.G. Infrastructure focuses on making value-add and core plus
investments in the infrastructure sector.
Since its founding in 1993, H.I.G. has invested in and managed
more than 400 companies worldwide. The Firm's current portfolio
includes more than 100 companies with combined sales in excess of
$53 billion. For more information, please refer to the H.I.G.
website at hig.com.
*Based on total capital raised by H.I.G. Capital and its
affiliates.
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version on businesswire.com: https://www.businesswire.com/news/home/20240508429939/en/
Riccardo Dallolio Managing Director rdallolio@hig.com
Jérôme Fouillé Managing Director jfouille@hig.com
H.I.G. Capital 10 Grosvenor Street London W1K 4QB United Kingdom
P +44 (0) 207 318 5700 F +44 (0) 207 318 5749 hig.com