#H.I.G. Capital #London #United Kingdom #European Logistics #Norway Acquisition

H.I.G. Realty Expands European Logistics and IOS Platform

In a significant move that solidifies its presence in the European logistics sector, H.I.G. Realty, a subsidiary of H.I.G. Capital, has successfully acquired four logistic and light industrial properties in Norway. This strategic acquisition aligns with H.I.G.'s broader goal of enhancing its logistics operations across Europe and expanding its Infrastructure Operating System (IOS).

The newly acquired portfolio encompasses approximately 25,000 square meters of built space set on 110,000 square meters of land. These properties are characterized by versatile building configurations, including heated and covered warehouses, which are in high demand among tenants. The site's advantageous highway connectivity and potential for loading dock facilities further boost its appeal.

H.I.G. Realty intends to implement a targeted value-enhancement strategy across this portfolio. This will involve both operational improvements and selective capital investments aimed at upgrading building specifications, optimizing site efficiency, stabilizing occupancy rates, and unlocking additional development potential approved by existing zoning regulations. The company is also committed to a comprehensive ESG improvement program, which includes the installation of solar panels on rooftops, modernizing lighting to LED standards, and adding electric vehicle charging infrastructure for both light vehicles and trucks.

H.I.G. Capital, a leading global alternative investment firm with assets totaling $70 billion, has been actively investing in the logistics sector across various regions in Europe. Recent IOS investments in the UK, France, and Southern Europe have positioned H.I.G. to surpass a stabilized portfolio value exceeding €1 billion.

Comments from H.I.G. Executives

Riccardo Dallolio, Managing Director and Head of H.I.G. Realty in Europe, commented on the acquisition, stating, “This transaction significantly expands our pan-European logistics footprint into the Nordic countries. The portfolio comprises functional, well-located assets in a market where supply is limited. This marks our return to the Norwegian logistics sector after successfully selling the Kongsberg Technology Park and the Raufoss Industrial Park.”

Jérôme Fouillé, General Director of H.I.G. Realty in Europe, further emphasized the strategic importance of this acquisition: “The acquisition of Borgeskogen offers a clear opportunity to expand our European logistics and IOS platform into Norway, one of Europe's most constrained markets. Due to the limited logistics development around Oslo and the rising tenant demand for modern, energy-efficient spaces, we foresee strong fundamentals supporting increasing rents and long-term value creation.”

About H.I.G. Capital

H.I.G. Capital is globally recognized as a leading alternative investment firm, managing $70 billion in capital. Established in 1993, the company has successfully invested in and managed over 400 businesses worldwide, with a current portfolio featuring more than 100 companies boasting a combined revenue exceeding $53 billion. With headquarters in Miami and offices across the United States and internationally, H.I.G. specializes in providing debt and equity capital to mid-market companies, employing a flexible, operationally focused approach aimed at driving value.

Through its wide-ranging investments, H.I.G. Realty remains committed to enhancing asset management practices, delivering value-added services to its properties, and contributing to sustainable development in real estate.

For further information, please visit the H.I.G. website at hig.com.