H.I.G. Realty, an affiliate of H.I.G. Capital, has acquired an interest in Titan Storage Solutions, a self-storage platform in the UK.
Titan operates and owns 5 self-storage assets totaling 142,000 sq. ft.
Riccardo Dallolio, Managing Director and Head of H.I.G. Europe Realty in London, commented: “We are delighted to complete this transaction in line with our strategy of investing in platforms with strong underlying secular trends. With platforms in the cold-storage, film-production and life-sciences sectors, we are focused on building best-in-class businesses which can achieve critical mass.”
Stelios Theodosiou, Managing Director at H.I.G. Europe Realty Partners, added: “The transaction demonstrates our ability to structure joint ventures with high quality partners focused on creating best-in-class platforms in undersupplied markets. Titan’s digital approach to asset procurement and ramp-up has led to a sustainable, future-proof business model. We will continue to develop the platform with a view to create a regional champion in the UK self-storage market.”
