H.I.G. Realty, an affliate of global alternative investment firm H.I.G. Capital, has added a further asset to New Life Realty, H.I.G.’s platform focused on real estate life sciences investments.
The property is located at the heart of the Whitechapel life sciences cluster and takes New Life Realty to a total of more than £250 million in value.
Riccardo Dallolio, Managing Director and Head of H.I.G. Europe Realty in London, commented: “We are delighted to expand our life sciences portfolio, which benefits from strong fundamentals given the lack of modern space and exceptional tenant demand. We plan to further expand New Life Realty in the U.K. as well as across Europe, where key markets are experiencing material shortfalls in purpose-built laboratory space.”
Jérôme Fouillé, Managing Director at H.I.G. Europe Realty, added: “With this acquisition, we now have a strong presence in several key life sciences clusters within London. With an established platform in place, we will continue to add strategically located sites, in order to deliver superior and ESG-secure products for the expanding life sciences sector by applying our value-add, hands-on approach.”