H.I.G. Realty Acquires Logistics Assets in France
Deal News | Dec 04, 2024 | PR Newswire Cision H.I.G. Capital
H.I.G. Capital, a global alternative investment firm managing $66 billion in capital, has announced the acquisition of a portfolio of four strategic logistics assets in France. The assets, which include prominent last-mile and parcel delivery locations in cities such as Toulouse, Bordeaux, Caen, and Rennes, are leased to Grade A tenants, including Amazon, XPO, and Kuehne+Nagel. Ricardo Dallolio and Jérôme Fouillé, both managing directors at H.I.G. Realty Europe, highlighted the acquisition as a strategic move to bolster H.I.G.'s European logistics footprint amidst favorable supply-demand dynamics. H.I.G. Capital continues to expand its real estate investments with a value-added approach, leveraging its extensive global presence and expertise.
Sectors
- Real Estate
- Logistics
- Investment Management
Geography
- France – The logistics assets acquired by H.I.G. Capital are located in France, significant to the transaction discussed.
- Europe – The acquisition is part of H.I.G. Realty's broader strategy to expand its logistics platform in Europe.
Industry
- Real Estate – The article discusses H.I.G. Capital's acquisition of logistics and parcel delivery facilities, which falls under real estate investments.
- Logistics – The assets acquired are explicitly in the logistics sector, focusing on last-mile delivery services.
- Investment Management – H.I.G. Capital is an alternative investment firm managing a broad range of investments, including the recent acquisition mentioned.
Financials
- $66 billion – The amount of capital under management by H.I.G. Capital.
- $53 billion – Combined sales of the current portfolio companies managed by H.I.G. Capital.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| H.I.G. Capital | Bidding Company | Company | A leading global alternative investment firm with $66 billion in capital under management. |
| Riccardo Dallolio | Managing Director | Person | Managing Director and Head of H.I.G. Realty in Europe involved in the acquisition. |
| Jérôme Fouillé | Managing Director | Person | Managing Director at H.I.G. Realty in Europe, commented on the strategic nature of the acquisition. |
| Amazon | Tenant | Company | One of the Grade A tenants leasing the logistics assets acquired. |
| XPO | Tenant | Company | A logistics company leasing assets from the acquired portfolio. |
| Kuehne+Nagel | Tenant | Company | A global transport and logistics company renting facilities in the acquired portfolio. |