H.I.G. Capital has acquired the Water Circle Estate, a large, strategically located industrial estate in London.
The 42-acre estate includes a portfolio of high quality, fully let, last-mile logistics assets, located next to Stansted Airport, one of the United Kingdom’s major transportation hubs. Plans for Water Circle include establishing an employment-led prime industrial and IOS hub in one of the most constrained logistics sub-markets in the United Kingdom.
“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 United Kingdom” said Riccardo Dallolio, managing director and head of H.I.G. Realty in Europe. “We are confident in the sector’s potential for significant growth and its impact on Water Circle’s expansion in the market.”
Jérôme Fouillé, managing director at H.I.G. Realty, added, “The acq
