An affiliate of HIG Capital (HIG) has purchased an office complex in Lyon, France for an undisclosed price.
The 29,000-square-meter (312,000-square-foot) buildings are expected to be delivered in March 2021 and have already been 70 percent pre-let to an A-rated French corporate tenant on a long-term basis, according to HIG.
“Our focus in France is on high-delivering quality assets with strong tenants that have the potential of becoming highly liquid institutional product as the result of the envisaged value-add initiatives,” said Riccardo Dallolio, managing director and head of HIG Realty Partners Europe.
With the purchase, HIG continues to add to its sizeable holdings of real estate assets across Europe, which consist of both equity as well as debt investments with a focus on its target market of value-added small and mid-cap opportunities.
“France represents an important part of our European strategy, and we continue to seek addition
