H.I.G. Realty Expands Footprint with Last-Mile Logistics Acquisition in France
In an exciting development for the logistics sector, H.I.G. Capital, a prominent global alternative investment firm with assets under management totaling $66 billion, has announced the successful acquisition of a portfolio consisting of four last-mile logistics and package delivery facilities located in key metropolitan areas of France. This strategic move aims to enhance H.I.G.'s platform in the rapidly growing logistics sector across Europe, particularly as e-commerce continues to rise.
The acquired portfolio includes facilities strategically situated in Toulouse, Bordeaux, Caen, and Rennes—vital logistics hubs that cater to the increasing demand for efficient last-mile delivery services. Each of these facilities is fully leased to top-tier tenants, including industry leaders such as Amazon, XPO, and Kuehne+Nagel.
Riccardo Dallolio, Managing Director and Head of H.I.G. Realty in Europe, expressed his satisfaction with this acquisition, emphasizing its alignment with the firm's strategy to expand its logistics and last-mile platform across Europe. "We are highly confident that these premium assets will enable us to capitalize on the long-term growth potential of the logistics sector, especially in these prime locations where demand outstrips supply," stated Dallolio.
Jérôme Fouillé, another Managing Director at H.I.G. Realty, highlighted the importance of this acquisition in demonstrating the firm’s ability to identify and execute attractive investment opportunities within France. He noted that the portfolio is positioned favorably in logistics sub-markets characterized by a positive imbalance between supply and demand, further driving rental growth.
H.I.G. Capital is not a newcomer to successful real estate ventures. Established in 1993, the firm has made significant strides in the alternative investment landscape, having invested in over 400 companies worldwide. Its current portfolio boasts more than 100 companies generating a cumulative revenue exceeding $53 billion. H.I.G. Realty specifically focuses on value-added real estate investments that benefit from enhanced asset management strategies, and this acquisition is a testament to its continued commitment to growth in the logistics segment.
This move comes at a time when the last-mile delivery market is experiencing unprecedented growth, primarily driven by the surge in online shopping. As consumers increasingly prefer fast and reliable delivery options, logistics companies are compelled to expand their operations efficiently to meet these demands. H.I.G.'s investment in these strategically located facilities positions it well to capitalize on this burgeoning market.
As the logistics landscape continues to evolve, H.I.G. Capital remains dedicated to leveraging its expertise and resources to pursue further opportunities in this vital sector. By expanding its footprint in France, the firm is not only reinforcing its presence in the European logistics market but also contributing to the broader trend toward enhancing supply chain efficiencies in response to global e-commerce dynamics.
With the recent acquisition, H.I.G. Realty is poised to play a significant role in shaping the future of last-mile logistics in France and beyond. The firm's proactive approach to investing in high-demand locations underscores its strategic vision for robust, long-term growth in an industry that is bound to transform how goods are delivered in an increasingly digital world.