Nigel Hugill and Robin Butler today announced the establishment of Urban&Civic, potentially an important new force in UK real estate. Urban&Civic is backed by GI Partners, the trans-Atlantic private equity house that has enjoyed considerable previous success in supporting experienced management teams, acquiring identified assets at what have proved to be low points in the cycle.
In the wake of the dot com collapse, GI Partners created and financed Digital Realty Trust that has gone on to become one of the best performing US REITs following listing on the NYSE in 2004, with a current market value of over $6 billion. GI Partners recently closed its third fund, GI Partners Fund III L.P. raising $1.9 billion (approx.
