H.I.G. Realty Expands Prime Living Portfolio in Central London to Over £1 Billion
H.I.G. Capital, a prominent global alternative investment firm with assets under management totaling $74 billion, has announced a significant expansion of its Prime Living portfolio in central London. This latest development involves the acquisition of a third asset for their Central London Living Platform, achieved through a strategic joint venture with HUB, a leading UK housing developer with a gross development value exceeding £1 billion.
The recent acquisition bolsters H.I.G.'s London Living Platform, which is a carefully curated portfolio of properties located exclusively in central London. Each of these properties has been selectively acquired for its strategic position, ensuring proximity to key transport connections, Central Business Districts, and major employment and educational hubs. Collectively, the platform now boasts a high-quality residential portfolio valued at over £1 billion, encompassing approximately 1,700 housing units across three significant projects.
The newly acquired site is situated in the heart of the City of London and enjoys immediate access to essential transport links and employment centers. The project involves the transformation of the existing office building, St Clare House, alongside the adjacent Victorian warehouse, Writers House. Upon redevelopment, this project is expected to deliver a professionally managed, sustainable residential development concept complete with top-tier amenities, strong environmental, social, and governance (ESG) features, and meaningful community spaces that will elevate the quality and scale of the platform.
In addition to this recent acquisition, H.I.G.'s Living Platform already includes properties like Finsgate House in Old Street and a 1.2-acre site in Elephant and Castle. These locations have been meticulously chosen for their optimal access and are designed to provide high-quality, modern housing solutions that support local communities and cater to London's growing professional and student demographics. Applications for planning permissions are currently in progress for both of these projects.
Riccardo Dallolio, Managing Director and Head of H.I.G. Realty in Europe, remarked, "This location is a strong addition to our London Living Platform and emphasizes our focus on strategic investments in areas with exceptional accessibility. The London housing market continues to experience a significant supply shortage and requires high-quality, institutional-grade housing equipped with modern, community-oriented amenities."
Stelios Theodosiou, Managing Director at H.I.G. Realty, expressed excitement about further expanding their Living Platform in collaboration with HUB. He stated, "This acquisition once again showcases our ability to acquire unique locations off the market and execute complex transactions within tight time frames. We have strong conviction in this sector and are looking forward to increasing our presence in it alongside our trusted partner, HUB."
H.I.G. Capital is a leading global alternative investment firm with $74 billion of capital under management. Founded in 1993, the company is headquartered in Miami and operates out of several offices across the United States, including Atlanta, Boston, Chicago, Los Angeles, New York, San Francisco, and Stamford. H.I.G. also maintains international offices in major cities such as Hamburg, London, Luxembourg, Madrid, Milan, Paris, Bogotá, Rio de Janeiro, São Paulo, Dubai, and Hong Kong.
The firm specializes in providing both debt and equity capital to middle-market companies through a value-adding and focused operational approach. H.I.G.'s equity funds invest in management buyouts, recapitalizations, and spin-outs of both profitable and underperforming companies across various industries. Their debt funds focus on senior, unitranche, and junior debt financing for companies of all sizes, including direct originating debt and secondary market investments. Additionally, H.I.G. manages a publicly traded Business Development Company, WhiteHorse Finance, and invests in value-added real estate, seeking properties that can benefit from improved asset management practices. H.I.G. Infrastructure focuses on value-added and core plus investments within the infrastructure sector.
Since its inception, H.I.G. has invested in and managed over 400 companies globally. The current portfolio encompasses more than 100 companies collectively generating over $53 billion in revenue. For more information, visit H.I.G.'s website at hig.com.
The recent acquisition bolsters H.I.G.'s London Living Platform, which is a carefully curated portfolio of properties located exclusively in central London. Each of these properties has been selectively acquired for its strategic position, ensuring proximity to key transport connections, Central Business Districts, and major employment and educational hubs. Collectively, the platform now boasts a high-quality residential portfolio valued at over £1 billion, encompassing approximately 1,700 housing units across three significant projects.
The newly acquired site is situated in the heart of the City of London and enjoys immediate access to essential transport links and employment centers. The project involves the transformation of the existing office building, St Clare House, alongside the adjacent Victorian warehouse, Writers House. Upon redevelopment, this project is expected to deliver a professionally managed, sustainable residential development concept complete with top-tier amenities, strong environmental, social, and governance (ESG) features, and meaningful community spaces that will elevate the quality and scale of the platform.
In addition to this recent acquisition, H.I.G.'s Living Platform already includes properties like Finsgate House in Old Street and a 1.2-acre site in Elephant and Castle. These locations have been meticulously chosen for their optimal access and are designed to provide high-quality, modern housing solutions that support local communities and cater to London's growing professional and student demographics. Applications for planning permissions are currently in progress for both of these projects.
Riccardo Dallolio, Managing Director and Head of H.I.G. Realty in Europe, remarked, "This location is a strong addition to our London Living Platform and emphasizes our focus on strategic investments in areas with exceptional accessibility. The London housing market continues to experience a significant supply shortage and requires high-quality, institutional-grade housing equipped with modern, community-oriented amenities."
Stelios Theodosiou, Managing Director at H.I.G. Realty, expressed excitement about further expanding their Living Platform in collaboration with HUB. He stated, "This acquisition once again showcases our ability to acquire unique locations off the market and execute complex transactions within tight time frames. We have strong conviction in this sector and are looking forward to increasing our presence in it alongside our trusted partner, HUB."
About H.I.G. Capital
H.I.G. Capital is a leading global alternative investment firm with $74 billion of capital under management. Founded in 1993, the company is headquartered in Miami and operates out of several offices across the United States, including Atlanta, Boston, Chicago, Los Angeles, New York, San Francisco, and Stamford. H.I.G. also maintains international offices in major cities such as Hamburg, London, Luxembourg, Madrid, Milan, Paris, Bogotá, Rio de Janeiro, São Paulo, Dubai, and Hong Kong.
The firm specializes in providing both debt and equity capital to middle-market companies through a value-adding and focused operational approach. H.I.G.'s equity funds invest in management buyouts, recapitalizations, and spin-outs of both profitable and underperforming companies across various industries. Their debt funds focus on senior, unitranche, and junior debt financing for companies of all sizes, including direct originating debt and secondary market investments. Additionally, H.I.G. manages a publicly traded Business Development Company, WhiteHorse Finance, and invests in value-added real estate, seeking properties that can benefit from improved asset management practices. H.I.G. Infrastructure focuses on value-added and core plus investments within the infrastructure sector.
Since its inception, H.I.G. has invested in and managed over 400 companies globally. The current portfolio encompasses more than 100 companies collectively generating over $53 billion in revenue. For more information, visit H.I.G.'s website at hig.com.
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