H.I.G. Capital, the global alternative investment firm managing $70 billion, has strengthened its UK logistics footprint with the acquisition of two prime last-mile industrial estates in Greater London. The off-market purchases in Erith and Rainham sit along key logistics corridors, offering direct access to Central London and major arterial routes.
The fully occupied properties were acquired at a notable discount to replacement cost, with legacy leases leaving them significantly under-rented. H.I.G. plans a phased refurbishment and reconfiguration program to unlock rental upside while delivering high-spec, ESG-aligned logistics space suitable for last-mile operations, industrial outdoor storage, and flexible multi-let tenants.
Scaling a Strategic Platform
These deals expand H.I.G. Realty’s UK IOS and logistics platform to over 1.5 million square feet, with a gross asset value exceeding £300 million. The platform targets high-barrier, supply-constrained submarkets across London and the Golden Triangle, where demand for modern, institutional-grade logistics stock continues to outpace supply.
Riccardo Dallolio, Managing Director and Head of H.I.G. Realty in Europe, said, “These acquisitions reflect our conviction in the structural growth of urban logistics and our ability to identify mispriced opportunities in one of Europe’s most dynamic industrial markets.”
Jérôme Fouillé, Managing Director at H.I.G. Realty in Europe, added, “We continue to focus on prime urban infill markets, targeting under-managed estates with the potential to deliver modern, ESG-aligned products. Similar opportunities across the UK and Europe remain under evaluation.”
With logistics demand surging, especially for last-mile and urban infill locations, H.I.G.’s approach highlights the premium investors place on repositioning underutilized assets while embedding sustainability into operations.
