Private equity firm HIG Capital has expanded its European real estate holdings following the acquisition of a portfolio of Danish logistics assets.
HIG said one of its subsidiaries has bought the 48,000sqm logistics portfolio. The vendor and financial terms of the deal were undisclosed.
Riccardo Dallolio, a managing director and head of HIG Europe Realty Partners, said: ”The Nordic real estate markets represent a key part of our European value-add strategy and we continue to actively look at opportunities in the small/midcap sector in these countries across the capital structure.”
In September 2017, HIG refinanced through a bond issuance out investment in Raufoss Industripark in Norway after having successfully executed a number of value-add initiatives, Dallolio said.
“We plan to continue investing in the sector and work with tenants to find solutions for the occupational needs.”
Fredrik Steinum, a director at HIG Europe Realty Partners, said: “The transaction demonstrates our ability to leverage our strong network and track record in the Nordic markets to acquire high-quality assets with significant value-add potential.”
Founded in 1993, HIG has invested in and managed more than 300 companies worldwide. The firm’s current portfolio includes more than 100 companies with combined sales in excess of €28bn.