HIG Capital has acquired two regional shopping centres in the UK, the 25th real estate investment in Europe by the US-based private equity investor since the start of 2013.
HIG Capital has acquired two regional shopping centres in the UK, the 25th real estate investment in Europe by the US-based private equity investor since the start of 2013.
The latest assets are the Kennet Centre in Newbury and the Kirkgate Centre in Bradford.
HIG said that it continues to add to its sizeable portfolio of real estate assets in Europe, consisting of both equity as well as debt investments, with a particular focus on its target market of value-added small/midcap opportunities.
'This follows our acquisition of the Grosvenor Centre in Chester in May of this year and further demonstrates our ability to secure attractive transactions in the UK retail sector which possess solid fundamentals but can benefit from the more active hands-on asset management which we can provide,' said Riccardo Dallolio, managing director at HIG in London.
