H.I.G. Realty Expands Investment in Living Sector in Central London
LONDON – July 17, 2024 – H.I.G. Capital (“H.I.G.”), a leading global alternative investment firm with $64 billion of capital under management, is pleased to announce that its newly established Living Platform has partnered with HUB Residential on a first project near Old Street, London.
With the London residential market experiencing acute housing shortages and affordability issues, the emerging of the Living Sector offers residents a valid alternative to traditional living options. The properties offer greater flexibility, a more efficient use of space, and enhanced amenities throughout the buildings. These amenities include co-working spaces, gyms, and cinema rooms aimed at creating a strong sense of community.
Riccardo Dallolio, Managing Director and Head of H.I.G. Realty in Europe, commented: “The London residential market continues to benefit from strong fundamentals and we believe the Living Sector will play a key role in centrally located neighbourhoods, such as Old Street. We believe there is an opportunity to grow this platform across a number of locations in London.”
Stelios Theodosiou, Managing Director at H.I.G. Realty, commented: “The transaction demonstrates our ability to identify secular trends and secure prime locations in the Living Sector. Sitting in the heart of London’s Technology & Innovation Belt, this seed asset provides an opportunity to establish an early presence, in partnership with high-quality partners such as HUB Residential, in a growing real estate sector.”
About H.I.G. Capital
H.I.G. Capital is a leading global alternative investment firm with $64 billion of capital under management.* Based in Miami, and with offices in Atlanta, Boston, Chicago, Los Angeles, New York, and San Francisco in the United States, as well as international affiliate offices in Hamburg, London, Luxembourg, Madrid, Milan, Paris, Bogotá, Rio de Janeiro, São Paulo, and Dubai, H.I.G. specializes in providing both debt and equity capital to middle market companies, utilizing a flexible and operationally focused/value-added approach:
- H.I.G.’s equity funds invest in management buyouts, recapitalizations and corporate carve-outs of both profitable as well as underperforming manufacturing and service businesses.
- H.I.G.’s debt funds invest in senior, unitranche and junior debt financing to companies across the size spectrum, both on a primary (direct origination) basis, as well as in the secondary markets. H.I.G. also manages a publicly traded BDC, WhiteHorse Finance.
- H.I.G.’s real estate funds invest in value-added properties, which can benefit from improved asset management practices.
- H.I.G. Infrastructure focuses on making value-add and core plus investments in the infrastructure sector.
Since its founding in 1993, H.I.G. has invested in and managed more than 400 companies worldwide. The Firm’s current portfolio includes more than 100 companies with combined sales in excess of $53 billion. For more information, please refer to the H.I.G. website at hig.com.