H.I.G. Capital, LLC (H.I.G.), a leading global private equity investment firm with €17 billion of equity capital under management, has announced that an affiliate has completed the acquisition of two regional shopping centres in the UK: The Kennet Centre in Newbury and the Kirkgate Centre in Bradford.
The transaction represents H.I.G. Capital's 25th real estate investment in Europe since the start of 2013.
H.I.G. continues to add to its sizeable portfolio of real estate assets in Europe, consisting of both equity as well as debt investments, with a particular focus on its target market of value-added small/midcap opportunities.
Riccardo Dallolio, managing director in London, commented: “This follows our acquisition of the Grosvenor Centre in Chester in May of this year and further demonstrates our ability to secure attractive transactions in the UK retail sector which possess solid fundamentals but can benefit from the more active hands-on asset management which we can provide.”
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