H.I.G. has announced that one of its affiliates is providing financing for the redevelopment of its St. James office in London.
"We are delighted to complete this transaction in line with our strategy of investing in institutional quality value-add projects in central London," Riccardo Dallolio, managing director and head of H.I.G. Europe Realty in London, said in the release. "We believe this asset has the potential of becoming one of the best buildings in Mayfair and St. James where supply-demand dynamics are particularly favorable for best-in-class office buildings."
The agency, at 20 Carlton House Terrace, spans approximately 160,000 square feet.
"The transaction demonstrates our ability to structure joint ventures with high-quality partners focused on creating best-in-class buildings," said Chris Zlatarev, principal at H.I.G. Europe Realty Partners. "Twenty Carlton House Terrace is a build-to-core redevelopment to provide state-of-the-art office space with futureproof ESG credentials."
The global alternative assets investment firm has more than $45 billion of equity capital under management.
The company has garnered affiliate offices locally, as well as internationally in London, Hamburg, Germany; Madrid; Milan; Paris; Rio de Janeiro; São Paulo, Brazil; and Bogotá, Colombia.
It is one of the leading alternative assets investment firms in the world, with investments in recapitalizations, management buyouts, and corporate carve-outs, not only of profitable businesses but also in those that are underperforming.
Founded in 1993, H.I.G. has managed and invested in more than 300 companies across the globe. The combined sales of all companies under the H.I.G. umbrella account for more than $30 billion.