H.I.G. Realty Partners with Queen Mary BioEnterprises in London to Foster Innovation

Strategic Partnership Announced between H.I.G. Realty and Queen Mary BioEnterprises Innovation Centre

H.I.G. Capital, a prominent global investment firm managing $67 billion in assets, has proudly announced a strategic partnership with the Queen Mary BioEnterprises Innovation Centre (QMB) in London. This collaboration aims to craft a state-of-the-art incubator, encompassing 40,000 square feet of innovation space in Whitechapel, an area known for its burgeoning life sciences sector.

The partnership marks a significant milestone in bolstering London's position in the life sciences domain, bringing together key stakeholders including Barts Life Sciences (BLS), Barts Health NHS Trust, Queen Mary University of London (QMUL), and the UK Department of Health and Social Care. With this collective effort, H.I.G. Realty, along with its development partner Lateral, aims to establish a premier life sciences hub that will enhance the development of groundbreaking health solutions.

Jerome Fouille, Managing Director of H.I.G. Realty in Europe, expressed excitement about the collaboration, stating, "We are thrilled to partner with QMB to develop this top-notch incubation space on Cavell Street. This marks an important step in creating a dynamic life sciences hub in Whitechapel and driving forward H.I.G.'s real estate platform in the UK. By providing high-quality facilities and supportive services, we're fostering an environment where innovative startups can thrive and contribute to revolutionary health outcomes."

The new incubator is expected to play a crucial role in cultivating an ecosystem conducive to business creation, especially for startups and spinouts in the life sciences field. The extensive track record of QMB in managing incubator spaces will be pivotal in nurturing sustainable and quality job opportunities in Whitechapel, promoting career pathways, and enhancing education in life sciences and STEM fields.

Ted Webster, Chairman of the Board at QMB, described the partnership as an exciting opportunity to expand their proven model supporting young life sciences ventures. He said, "This new space will empower the next generation of innovative companies by providing them the resources and conditions necessary for success. We are committed to promoting science and delivering significant benefits to the local community and beyond."

What is the Queen Mary BioEnterprises Innovation Centre?

Founded in 2011, the QMB has established itself as the first purpose-built facility in London catering specifically to early-stage and more developed life sciences startups. Its longstanding success in supporting innovative companies has been instrumental in facilitating access to world-class facilities associated with Queen Mary University of London’s medical school. This ensures that the new incubator on Cavell Street will offer a fertile ground for innovation and growth among emerging life sciences businesses.

About H.I.G. Capital

Based in Miami with a global reach, H.I.G. is recognized as one of the preeminent alternative investment firms. With $67 billion under management, H.I.G. specializes in providing flexible debt and equity capital to mid-sized companies. Their investments span private equity, distressed investments, special situations, and debt, creating tailored financial solutions that address the unique needs of each business. Since its inception in 1993, H.I.G. has invested in over 400 companies globally, with a portfolio exceeding 100 firms generating over $53 billion in cumulative revenue.

For more information, visit H.I.G. Capital.

This partnership not only signifies a progressive move for H.I.G. Realty but also signals potential growth and innovation in London's life sciences sector, with expectations to significantly impact community health and job creation.