Bayside Capital, an affiliate of global private equity firm HIG Capital, has acquired a portfolio of 12 light industrial properties in the Netherlands.
Bayside Capital, an affiliate of global private equity firm HIG Capital, has acquired a portfolio of 12 light industrial properties in the Netherlands.
Financial details were not disclosed.
The properties, totalling 108,900 m2, were purchased by MBay Light Industrial, a joint venture established by Bayside Capital in partnership with specialist asset manager M7 Real Estate. The joint venture targets high-yielding multi-let industrial assets in the Netherlands.
Ahmed Hamdani, managing director at Bayside Capital, said: ‘This transaction demonstrates HIG’s continued commitment to the Dutch market and to growing its European real estate and NPL business further.’
Sanjoy Chattopadhyay, director at Bayside Capital, added that the company is monitoring the Dutch market closely to take advantage of similar opportunities.
Bayside Capital is an investment firm with approximately $4.5 bn under management across several segments of the primary and secondary debt capital markets with an emphasis on long-term returns.
Based in Miami, HIG is a global private equity investment firm with more than $13 bn of equity capital under management.
M7 Real Estate is a pan-European industrial asset manager with a portfolio of over 200 assets and operations in the UK, Denmark and The Netherlands.
