H.I.G. Realty Expands Portfolio with Second Major Housing Project in London

H.I.G. Realty Expands Its Reach with a Second Project in London

H.I.G. Capital, a prominent player in the alternative investment space, has recently announced a significant move in the London real estate market. With a managed capital portfolio totaling $66 billion, H.I.G. Realty is pushing the boundaries of its investment strategies by entering into a joint venture to acquire a strategic property in Southwark, London. This property represents the second collaboration between H.I.G. and HUB Residential, a leading British housing developer.

The all-important site is part of an expansive 10-acre regeneration project within the thriving neighborhood of Elephant Park. The project, a collaboration with the global construction and property management firm Lendlease and the Southwark Council, has already successfully facilitated the construction of approximately 3,000 affordable rental units and homes for sale. Furthermore, the initiative includes the completion of a two-acre public park, enhanced with natural stone playgrounds, water features, and a net-zero heating network for the emerging community.

Upon completion, this new location is projected to emerge as a professionally managed, sustainable mixed-use development, distinguished by its top-tier amenities and its commitment to providing affordable housing options to the community. Riccardo Dallolio, Managing Director and Head of H.I.G. Realty in Europe, emphasized the strong fundamental drivers supporting the London housing market, stating, "We are determined to expand this platform and take pride in investing in high-quality sites that provide the city with private and affordable housing."

In addition to Dallolio's remarks, Stelios Theodosiou, also a Managing Director at H.I.G. Realty in Europe, reiterated the firm’s confidence in the London residential sector. "This transaction is another testament to our belief in the London housing market and our ability to identify and execute off-market transactions. We are thrilled to partner again with HUB Residential to enhance our residential platform at a location already boasting significant amenities and a strong community offering."

About H.I.G. Capital
Founded in 1993, H.I.G. Capital has become one of the foremost investment firms in the realm of alternative assets, proudly managing over $66 billion on behalf of its clients worldwide. With headquarters in Miami, the firm operates offices across the United States, including major cities such as Atlanta, Boston, Chicago, and New York, as well as international locations in London, Madrid, Milan, Paris, and other key market centers. H.I.G. specializes in providing both debt and equity capital to middle-market companies, employing a flexible approach grounded in operational expertise to create value and promote growth.

The firm's equity funds have invested in management buyouts, recapitalizations, and divestitures both of profitable and underperforming manufacturing and service companies. Meanwhile, their credit funds invest in senior, unitranche, and subordinated debt in companies across varying sizes in both primary and secondary markets. Notably, H.I.G. also manages a public holding company, WhiteHorse Finance.

The real estate funds under H.I.G.'s management concentrate on value-added properties, thereby maximizing potential through improved asset management practices. Meanwhile, H.I.G. Infrastructure is geared towards value-add and Core-Plus investments within the crucial infrastructure sector.

Overall, H.I.G. Capital’s robust historical performance since inception, which includes investments in over 400 companies worldwide, showcases a resilient commitment to driving growth and innovation in various sectors. The firm currently boasts a portfolio consisting of over 100 companies, collectively generating more than $53 billion in revenue. For more details about H.I.G. and its investment focus, visit their website at hig.com.