H.I.G. Capital, a leading global alternative investment firm managing $70 billion in assets, announced that one of its affiliates has acquired four logistics and light-industrial properties in Norway as part of the firm’s continued expansion across Europe.
The portfolio spans approximately 25,000 square meters of built area and 110,000 square meters of land. The assets benefit from strong tenant demand, flexible configurations suitable for both warm and covered storage, cross-dock potential, and strategic proximity to major motorways. H.I.G. plans to execute a value enhancement strategy focused on operational optimization, targeted capital improvements, and sustainability upgrades to increase efficiency and unlock additional development potential within the existing zoning framework.
The planned improvements include solar readiness on rooftops, LED lighting installations, and electric vehicle charging infrastructure for both passenger and freight vehicles. H.I.G. expects the Norwegian portfolio, when combined with its recent investments across the United Kingdom, France, and Southern Europe, to contribute to a stabilized platform exceeding €1 billion in value.
The acquisition marks H.I.G. Realty’s return to Norway’s logistics and industrial market after its prior sales of Kongsberg Technology Park and Raufoss Industripark. The firm continues to expand its Pan-European logistics footprint through a mix of acquisitions and development initiatives targeting supply-constrained markets.
KEY QUOTES:
“This transaction expands our Pan-European logistics footprint into the Nordics. The Portfolio is a cluster of well-located, functional assets in a supply-constrained market, and marks our return to the Norwegian Industrial & Logistics market after selling Kongsberg Technology Park and Raufoss Industripark.”
Riccardo Dallolio, Managing Director and Head of H.I.G. Realty in Europe
“The Borgeskogen acquisition provides a clear opportunity to extend our European logistics and IOS platform into Norway, one of the most supply-constrained markets in Europe. With limited new logistics development around Oslo, and increasing tenant demand for modern, energy-efficient space, we see strong fundamentals supporting rental growth and long-term value creation.”
Jérôme Fouillé, Managing Director at H.I.G. Realty in Europe
