H.I.G. Capital Expands Central London Living Portfolio to Over £1 Billion

H.I.G. Capital, a prominent player in the alternative investment sector with a whopping $74 billion in assets under management, has recently enhanced its prime living portfolio in Central London to surpass £1 billion. This significant growth is attributed to the acquisition of a third asset for their Central London Living Platform, executed through a partnership with HUB, a well-established residential developer in the UK.

The newly acquired asset underscores H.I.G.'s strategic approach in curating a portfolio that not only offers luxurious living options but also integrates essential amenities and sustainability initiatives. This particular acquisition is part of a meticulously selected collection of assets located in areas known for outstanding transport links and proximity to vital business districts and educational institutions. Altogether, the platform now embraces around 1,700 residential units across three unique schemes—an impressive feat in a city with escalating housing demands.

Located in the heart of London, the new asset consists of St Clare House, an existing office building, and the adjoining Victorian warehouse, Writers House. Once redevelopment is complete, it will morph into a professionally managed residential project, focusing on community living and sustainability. This is expected to boast top-notch amenities and robust environmental, social, and governance (ESG) credentials, elevating not only the quality of living but also contributing to the broader community.

H.I.G.'s growing Living Platform also includes notable properties like Finsgate House in Old Street and a substantial site in Elephant and Castle, both characterized by their optimal locations and connectivity. The ongoing planning applications for these projects demonstrate H.I.G.'s commitment to delivering high-quality, modern housing that aligns with the needs of London's expanding workforce and student population.

Riccardo Dallolio, Managing Director and Head of H.I.G. Realty in Europe, emphasized the strategic advantages of this new acquisition, stating, "This asset is a strong addition to our London Living Platform and showcases our focus on investing in strategic locations with excellent connectivity. The London residential market remains severely undersupplied and needs high-quality, institutional-grade units with modern, community-oriented amenities." His sentiments reflect the broader sentiment in London's real estate market, which is currently experiencing a significant supply-demand imbalance.

Stelios Theodosiou, another Managing Director at H.I.G. Realty, expressed enthusiasm about the collaboration with HUB, acknowledging how this acquisition exemplifies their ability to identify unique assets and undertake complex transactions efficiently. The partnership highlights H.I.G.'s strong belief in the sector and their eagerness to continue expanding their footprint in the thriving real estate landscape of London.

Founded in 1993, H.I.G. has garnered a commendable track record, investing in and managing more than 400 companies worldwide. The firm has made notable inroads in the real estate sector, focusing on value-added properties that stand to benefit from enhanced management practices. Their extensive portfolio includes over 100 companies with cumulative sales exceeding $53 billion, marking H.I.G. as a formidable player in the investment landscape.

In summary, H.I.G. Capital's recent expansion of its Living Portfolio in Central London to over £1 billion signifies not only a strategic growth move but also a commitment to addressing the urgent housing requirements in one of the world's most dynamic cities. With continued investment in key locations and partnerships with trusted developers, H.I.G. is well-positioned to make a lasting impact in the residential market as it continues to evolve.