US value-add specialist HIG Capital has purchased a 43,000 m2 industrial compound in Kongsberg Technology Park, Norway, through one of its affiliates.
The deal represents HIG's 31st purchase in Europe since the start of 2013. The terms were not disclosed.
'This is our third investment in Norway, and our second investment in the Norwegian industrial market,' commented Riccardo Dallolio, managing director at HIG in London. 'The Nordic real estate market represents an important part of our European strategy.'
Kongsberg Technology Park is an industrial cluster located in the town of Kongsberg, southwest of Olso.
Miami-based HIG said it would continue to grow its property portfolio in Europe via equity and debt investments, with a particular focus on its target market of value-added small/midcap opportunities.
