H.I.G. Capital (H.I.G.) has recently announced that one of its affiliates has acquired the Water Circle Estate (Water Circle). It is a large and strategically located industrial estate situated in London, U.K.
The estate spreads over c.17ha and comprises a portfolio of high-quality, fully occupied, last-mile logistics assets. It is situated adjacent to Stansted Airport, one of the major transportation hubs in the U.K.
The plans for Water Circle include the establishment of an employment-led prime industrial and IOS hub in one of the most constrained logistics sub-markets in the U.K.
Riccardo Dallolio, Managing Director and Head of H.I.G. Realty in Europe said, “We believe the current market dynamics provide an attractive, entry opportunity to consolidate a portfolio of best-in-class urban logistics and outdoor storage assets in strategic locations across the U.K. We are confident in the sector’s potential for significant growth and its impact on Water Circle’s expansion in the market.”
Jerome Fouille, Managing Director at H.I.G. Realty, said, “The acquisition of the Water Circle Estate is an important step for H.I.G. in its strategy to amalgamate an urban logistics and IOS platform of scale in the U.K. We see unabated demand and rental growth for its assets in their current locations, due to its proximity to key London infrastructure and major transportation hubs.”
Image source - Pexels.
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