H.I.G. Capital announced that one of its affiliates has acquired a third asset for its Central London Living Platform, increasing the portfolio to more than £1 billion in gross development value.
The Platform is being delivered through a joint venture with HUB, a U.K. residential developer with gross development value of over £1 billion. The latest acquisition strengthens H.I.G.’s curated portfolio of residential assets located exclusively in central London, with each site selected for strong transport connectivity, proximity to major central business districts, and access to employment and educational hubs.
Collectively, the Platform represents a prime residential portfolio comprising approximately 1,700 units across three schemes and more than £1 billion in gross development value.
The newly acquired asset is located in the City of London and includes the existing office building St Clare House and the adjacent Victorian warehouse, Writers House. Following redevelopment, the project is expected to deliver a professionally managed, sustainability-focused residential scheme featuring institutional-grade amenities, strong ESG credentials, and community space.
In addition to the City of London site, the Platform includes Finsgate House in Old Street and a 1.2-acre site in Elephant and Castle. Planning applications have been submitted for both schemes. The developments are designed to provide modern housing aligned with the needs of London’s workforce and student population.
Founded in 1993 and headquartered in Miami, H.I.G. Capital manages $74 billion in capital and invests across private equity, credit, real estate, and infrastructure. The firm has invested in and managed more than 400 companies worldwide, with its current portfolio including more than 100 companies generating combined sales in excess of $53 billion.
KEY QUOTES
“This asset is a strong addition to our London Living Platform and showcases our focus on investing in strategic locations with excellent connectivity. The London residential market remains severely undersupplied and needs high-quality, institutional-grade units with modern, community-oriented amenities.”
Riccardo Dallolio, Managing Director and Head of H.I.G. Realty in Europe, H.I.G. Capital
“We are pleased to continue growing our Living Platform in partnership with HUB. This acquisition further demonstrates our ability to source unique assets off-market and execute complex transactions within short timeframes. We have strong conviction in the sector and are excited to further expand our presence in this space with our trusted partner HUB.”
Stelios Theodosiou, Managing Director, H.I.G. Realty
