H.I.G. Realty Strengthens European Presence
H.I.G. Capital, a leading global alternative investment firm, is excited to announce a significant expansion of its logistics platform. Recently, H.I.G. Realty acquired four prime logistics and light-industrial properties in Norway. This strategic move solidifies the company's standing within the European logistics sector, showcasing its commitment to enhancing its portfolio.
Overview of the New Portfolio
The newly acquired Portfolio boasts approximately 25,000 square meters of built area on a 110,000 square meter land parcel. It is designed to meet the growing demand for logistics space with modern building configurations that include warm and covered storage options. The location provides excellent motorway connectivity, which is crucial for operational efficiency in this market.
Enhancements and Strategic Goals
H.I.G. plans to implement several initiatives aimed at maximizing the value of the Portfolio. These include operational improvements, selective capital investments, and enhancements to building specifications. The objective is to increase tenant satisfaction and stabilize occupancy levels. Furthermore, there is a strong focus on sustainability, which encompasses the implementation of an ESG improvement program. This program will feature rooftop solar readiness, upgrading to energy-efficient LED lighting, and establishing electric vehicle charging infrastructure.
Market Conditions and Future Outlook
H.I.G. Realty has made this acquisition against the backdrop of a robust rental growth environment within the logistics sector. The firm’s recent investments across various locations in Europe, including the U.K. and France, are expected to lead the Portfolio to exceed a stabilized value of over €1 billion.
Comments from Company Leadership
Riccardo Dallolio, Managing Director and Head of H.I.G. Realty in Europe, expressed enthusiasm about this acquisition, stating, "This transaction expands our Pan-European logistics footprint into the Nordics. The Portfolio represents a collection of strategically located and functional assets in a market characterized by limited supply. We are eager to re-enter the Norwegian market, focusing on developing these properties further."
Insights from the Industry
Adding to the excitement, Jérôme Fouillé, Managing Director at H.I.G. Realty, noted, "The Borgeskogen acquisition provides a clear opportunity to extend our European logistics and IOS platform into Norway, one of the most supply-constrained markets in Europe. With limited new logistics development around this region and surging tenant demand for modern, energy-efficient spaces, we foresee a solid fundamental basis for rental growth and long-term value creation."
About H.I.G. Capital
Founded in 1993, H.I.G. Capital is a premier global alternative investment firm managing approximately $70 billion. Headquartered in Miami, H.I.G. has an extensive network of offices across the U.S. and internationally. The firm is well-known for its operationally focused approach toward both equity and financing opportunities and provides capital support to middle-market companies.
Investment Strategies
H.I.G. specializes in investing across various sectors. Its equity funds support management buyouts, recapitalizations, and corporate carve-outs. Their debt funds offer flexible capital solutions that range from junior debt to senior financing. Additionally, H.I.G.'s real estate funds are dedicated to identifying value-added properties that can be enhanced through improved management practices, while its infrastructure unit seeks to identify core-plus investments.
Historical Performance
Over the years, H.I.G. has successfully managed a diverse portfolio that comprises more than 100 companies with annual sales surpassing $53 billion. Their successful track record emphasizes their expertise in evaluating and enhancing business operations.
Connect with H.I.G. Capital
Individuals seeking further information can reach out to H.I.G. Capital through its official channels. Key contacts include:
Riccardo Dallolio
Managing Director
Email: rdallolio@hig.com
Jérôme Fouillé
Managing Director
Email: jfouille@hig.com
H.I.G. Capital
10 Grosvenor Street, 2nd Floor
London W1K 4QB, United Kingdom
Phone: +44 (0) 207 318 5700
Frequently Asked Questions
What recent acquisition did H.I.G. Realty make?
H.I.G. Realty recently acquired four logistics and light-industrial properties in Norway, enhancing its European logistics platform.
What is the primary strategy for the new Portfolio?
The firm intends to implement operational improvements and capitalize on ESG initiatives to enhance site efficiency and stabilize occupancy levels.
How large is the acquired Portfolio?
The Portfolio features approximately 25,000 square meters of built area and is located on a 110,000 square meter land site.
What is H.I.G. Capital known for?
H.I.G. Capital is a leading global alternative investment firm specializing in middle-market investments across various sectors with a strong operational focus.
How can someone contact H.I.G. Capital for more information?
Individuals can reach out to Riccardo Dallolio or Jérôme Fouillé via their email addresses, which are available in the article for inquiries.
