H.I.G. Capital funds the acquisition of a logistic warehouse in Barcelona (ES)

H.I.G. Capital, a leading global investment firm, announced that an affiliate has completed the financing of the acquisition of a 48,000 m², high-quality warehouse in the outskirts of Barcelona for an undisclosed amount.
The transaction represents H.I.G. Capital's 17th real estate investment in Europe since the start of 2013. H.I.G. continues to add to its sizeable portfolio of Real Estate assets in Europe, consisting of both equity as well as debt investments, with a particular focus on its target market of small/midcap opportunities.
Ahmed Hamdani, Managing Director at H.I.G. in London commented: “This transaction demonstrates our ability to invest across the capital structure in different asset classes and jurisdictions. We continue to see interesting small/midcap value add opportunities in the Spanish market”.
Adolfo Favieres, Director at H.I.G. in Madrid added: “We are pleased to complete our fourth transaction in Spain and our first investment in the Spanish logistics market. We see significant value in the sector and expect to grow our investment in it in the future”
Source: FTI Consulting