Miami-based private equity firm HIG Capital has invested in an owner and operator of Greek logistics property and acquired an office building in London.

The US$43bn (€34.5bn) investment company said one of its affiliates had invested in Makios Logistics, a provider of integrated logistics services and operator of temperature-controlled warehousing in Greece.

Founded in 1927, Makios owns and operates two state-of-the-art logistics assets in Thessaloniki and owns logistics assets and land north of Athens, which HIG Capital said had β€œsignificant expansion potential”.

Riccardo Dallolio, managing director and head of HIG. Europe Realty Partners, said: β€œThis marks our ninth industrial and logistics real estate investment in Europe.

β€œThe sector continues to be an attractive asset class for HIG, driven by strong investment fundamentals and secular tailwinds.

β€œMore specifically, the Piraeus and Thessaloniki ports are two key logistics hubs not only at a national but also at a European level, and we believe Makios is strongly positioned to capture an increasing share of trade flows.”

Stelios Theodosiou, principal at HIG Europe Realty Partners, said: β€œWe are partnering with the company and its management as the ideal platform to grow and execute on HIG’s logistics strategy in the region.

β€œMakios already possesses state-of-the-art facilities and systems and, together with HIG’s hands-on operational approach, we plan to grow it into a regional champion.”

It has also been announced that HIG Capital has acquired the London office building at 1-6 Tavistock Square for Β£33.1m (€36m).

Macquarie Capital Principal Finance said it sold the 10-storey building after acquiring it in 2014.

Tavis House is held on a 78-year leasehold with Bedford Estates.

Alexi Antolovich, global co-head of real estate at Macquarie Capital Principal Finance, said: β€œTavis House has been a very successful investment for us and, in line with our strategy, has delivered stable capital returns and a long-term income stream – and we wish HIG Capital all the very best with the property in the future.”