Global alternative investment firm H.I.G. Capital has acquired the Water Circle Estate, a large, strategically located industrial estate in London for an undisclosed amount.
The 42-acre estate includes a portfolio of high quality, fully let, last-mile logistics assets, located next to Stansted Airport. Plans for Water Circle include establishing an employment-led prime industrial and IOS hub in one of the most constrained logistics sub-markets in the UK.
Riccardo Dallolio, managing director and head of H.I.G. Realty in Europe commented, '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 H.I.G. Realty, added, 'The acquisition of the Water Circle Estate is an important step for H.I.G. 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.'
