Global alternative investment firm H.I.G. Capital, LLC has acquired an office building totalling approximately 60,000 square feet in Bloomsbury, central London.
“We are delighted to complete this investment and see significant opportunities in Bloomsbury, the heart of London’s knowledge & technology quarter, supported by a large and growing cluster of start-ups, life science & VC firms. We believe this asset has the potential of becoming a highly liquid institutional product as the result of the planned value add initiatives,” said Riccardo Dallolio, Managing Director and Head of H.I.G. Europe Realty Partners.
“This transaction demonstrates our ability to leverage our strong local network, execution capabilities and knowledge of the market to acquire a high-quality asset within a short time-frame. H.I.G. plans to leverage its extensive in-house asset management resources to implement the key value-add initiatives and continues to look for attractive value-add opportunities in key office locations in London,” added Jenny Hammarlund, Managing Director at H.I.G. Europe Realty Partners.