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

H.I.G. Capital's New Venture in London's Living Sector

H.I.G. Capital, a prominent player in global alternative investments with a massive management portfolio of $66 billion, has announced a notable addition to its real estate ventures. The firm revealed that one of its affiliates has successfully completed an off-market acquisition of a strategic land plot located in Southwark, Central London. This investment marks H.I.G.'s second joint venture with HUB Residential, a key player in the UK residential development landscape.

The newly acquired site is part of an extensive regeneration initiative called Elephant Park, which spans an impressive 10 acres. This collaborative endeavor involves partnerships with Lendlease, an internationally recognized construction and real estate firm, along with the Southwark Council. To date, the project has successfully created nearly 3,000 units of affordable housing, including build-to-rent and for-sale options, alongside a vibrant two-acre public park replete with natural stone play areas, water features, and an innovative net-zero heating network that aims to cater to the needs of the emerging community.

Once the entire project reaches completion, the site will deliver a thoughtfully designed, sustainable mixed-use development that incorporates top-notch amenities, environmentally sustainable practices, and essential affordable housing provisions for local residents. Riccardo Dallolio, Managing Director and Head of H.I.G. Realty in Europe, expressed confidence in the London residential market's robust fundamentals, stating, "We are committed to growing this platform and are proud to invest in quality locations that provide private and affordable housing to the city."

Stelios Theodosiou, another Managing Director at H.I.G. Realty in Europe, emphasized the firm’s determination and expertise in securing significant off-market opportunities. He mentioned that this transaction reinforces H.I.G.'s commitment to the living sector in London and marks a continuation of their successful relationship with HUB Residential. "We are delighted to be working alongside HUB Residential again to grow our living platform in a site already anchored with significant amenities and a strong community offering,” he said.

H.I.G. Capital: A Profile

Founded in 1993, H.I.G. Capital has built a formidable reputation as a leading global alternative investment firm. With headquarters in Miami and a broad network of offices in key cities across the United States and internationally, H.I.G. specializes in both debt and equity investments. The firm's versatile approach allows it to provide capital to mid-sized companies, focusing on management buyouts, recapitalizations, and enhancements in underperforming businesses. Besides real estate, H.I.G.'s reach extends to infrastructure investments, complimenting its expansive portfolio that includes over 100 companies contributing to more than $53 billion in sales globally.

This recent investment in Central London underscores H.I.G.'s ongoing strategy to fortify its footprint in high-demand urban sectors while addressing London's pressing need for sustainable and affordable housing solutions. As the city continues to evolve, partnerships like those formed with HUB Residential will aim to create not just housing, but vibrant communities capable of fostering growth and sustainability for future generations.