Private equity firm HIG Capital has expanded its European real estate holdings following the acquisition of a portfolio of Danish logistics assets.
HIG said one of its subsidiaries has bought the 48,000sqm logistics portfolio. The vendor and financial terms of the deal were undisclosed.
Riccardo Dallolio, a managing director and head of HIG Europe Realty Partners, said: 鈥漈he Nordic real estate markets represent a key part of our European value-add strategy and we continue to actively look at opportunities in the small/midcap sector in these countries across the capital structure.鈥�
In September 2017, HIG refinanced through a bond issuance out investment in Raufoss Industripark in Norway after having successfully executed a number of value-add initiatives, Dallolio said.
鈥淲e plan to continue investing in the sector and work with tenants to find solutions for the occupational needs.鈥�
Fredrik Steinum, a director at HIG Europe Realty Partners, said: 鈥淭he transaction demonstrates our ability to leverage our strong network and track record in the Nordic markets to acquire high-quality assets with significant value-add potential.鈥�
Founded in 1993, HIG has invested in and managed more than 300 companies worldwide. The firm鈥檚 current portfolio includes more than 100 companies with combined sales in excess of 鈧�28bn.
