#H.I.G. Capital #London #United Kingdom #Real Estate #Central London

H.I.G. Realty Expands Prime Living Portfolio

H.I.G. Capital, a leading global alternative investment firm managing $74 billion in capital, has announced an exciting development in the realm of Central London real estate. Recently, H.I.G. Realty, an arm of the firm, confirmed a significant addition to its Central London Living Platform, which now surpasses a total value of £1 billion.

Significant Acquisition

The asset acquisition marks the third addition to the firm's portfolio in this prime location. This strategic expansion is executed in partnership with HUB, a prominent residential developer known for its substantial development projects across the UK. This collective venture is realizing a gross development value (GDV) exceeding £1 billion.

This latest acquisition enhances H.I.G.'s London Living Platform—comprised solely of selected properties in Central London. Each site within the portfolio is meticulously chosen based on its promising location, which guarantees superb transport connections, proximity to major business districts, and direct access to essential working and educational centres. Currently, the platform represents a prime residential portfolio of over £1 billion, encompassing approximately 1,700 units across three key developments.

New Project Details

The newly acquired property is situated in the City of London, taking advantage of key transport hubs and employment centres. This site includes the existing office building, St Clare House, alongside the adjoining Victorian warehouse, Writers House. Once renovations are completed, this project will transform into a professionally managed, sustainable, residential-focused investment featuring state-of-the-art amenities, impressive ESG metrics, and appealing communal spaces, further enriching the quality and diversity of the portfolio.

In addition to this asset, the Living Platform includes Finsgate House located in Old Street and a 1.2-acre site at Elephant and Castle. Each site is strategically positioned to ensure excellent connectivity and is designed to provide high-quality, modern living spaces that cater to the local communities and the increasing influx of workers and students in London. Planning applications have already been submitted for both projects.

Leadership Insight

Riccardo Dallolio, Executive Director and Head of H.I.G. Realty in Europe, expressed, "This property is a powerful complement to our London Living Platform, highlighting our commitment to investing in strategic locations with outstanding connectivity. The London housing market continues to experience a significant supply-demand imbalance, necessitating high-quality, institution-grade housing options with modern, community-oriented features."

Stelios Theodosiou, Managing Director at H.I.G. Realty, added, "We are excited to continue expanding our Living Platform in partnership with HUB. This acquisition exemplifies our ability to identify unique assets off-market and successfully execute complex transactions in short timeframes. We are firmly confident in this sector and look forward to bolstering our presence with our trusted partner, HUB."

About H.I.G. Capital

Founded in 1993, H.I.G. is one of the leading global alternative investment firms with $74 billion of capital under management. Headquartered in Miami, the company has offices strategically placed across the U.S. and numerous international partners globally. H.I.G. specializes in providing both debt and equity to mid-sized companies while focusing on practical implementation and value creation. Over the years, H.I.G. has invested in over 400 companies worldwide, with its current portfolio consisting of more than 100 companies generating collective revenues exceeding $53 billion.

For more information about H.I.G., visit hig.com.