The real estate arm of HIG Capital has added a last-mile logistics and industrial outdoor storage (IOS) property to its UK real estate portfolio, as the manager seeks to put together an urban logistics and IOS platform in the country.
HIG Realty has invested an undisclosed amount to acquire the 42-acre Water Circle Estate industrial estate in London.
HIG said the estate includes a ”portfolio of high-quality, fully let, last-mile logistics assets”, located next to Stansted Airport.
Riccardo Dallolio, managing director and head of HIG 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 UK.
“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 HIG Realty, said: “The acquisition of the Water Circle Estate is an important step for HIG in its strategy to amalgamate an urban logistics and IOS platform of scale in the UK.
“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.”
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