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H.I.G. Realty Invests in Second Living Sector Project in Central London

Published

3 days ago

December 9, 2024

LONDON, Dec. 9, 2024 /PRNewswire/ — H.I.G. Capital (“H.I.G.”), a leading global alternative investment firm with $66 billion of capital under management, is pleased to announce that one of its affiliates has invested in an off-market transaction to acquire a strategic land plot in Southwark, London. The transaction is the second joint venture with HUB Residential, a leading UK residential developer.

The site is the final asset in a 10-acre regeneration project at Elephant Park. Delivered in partnership with Lendlease, a global construction and real estate company, and the Southwark Council, the development has already delivered nearly 3,000 affordable, build-to-rent, and for-sale homes. It also has a completed two-acre public park with natural stone play areas, water features, and a net-zero heating network to serve the emerging residential community.

When fully completed, the site will deliver a professionally managed, sustainable, mixed-use scheme that features best-in-class onsite amenity provisions, ESG credentials, and much-needed affordable housing to the 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. We are committed to growing this platform and are proud to invest in quality locations that provide private and affordable housing to the city.”

Stelios Theodosiou, Managing Director at H.I.G. Realty in Europe, added, “This transaction further demonstrates our conviction in the London Living Sector and ability to source and execute on off-market transactions. We are delighted to be working alongside HUB Residential again to grow our living platform in a site already anchored with significant amenities and a strong community offering.”

About H.I.G. Capital

H.I.G. is a leading global alternative investment firm with $66 billion of capital under management.* Based in Miami, and with offices in Atlanta, Boston, Chicago, Dallas, 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, Dubai, and Hong Kong, H.I.G. specializes in providing both debt and equity capital to mid-sized 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.

*Based on total capital raised by H.I.G. Capital and affiliates.

Contact:
Riccardo Dallolio
Managing Director
rdallolio@hig.com

Stelios Theodosiou
Managing Director
stheodosiou@hig.com

H.I.G. Capital
10 Grosvenor Street
2^nd Floor
London W1K 4QB
United Kingdom
P +44 (0) 207 318 5700
hig.com