H.I.G. buys two UK shopping centers

H.I.G Capital has acquired two UK-based regional shopping centers: the Kennet Centre in Newbury and the Kirkgate Centre in Bradford. No financial terms were disclosed.

PRESS RELEASE

LONDON – December 17, 2015 – H.I.G. Capital, LLC (“H.I.G.”), a leading global private equity investment firm with €17 billion of equity capital under management, announced today 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 at H.I.G. 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”.

About H.I.G. Capital
H.I.G. is a leading global private equity and alternative assets investment firm with €17 billion of equity capital under management.* Based in Miami, and with offices in New York, Boston, Chicago, Dallas, San Francisco, and Atlanta in the U.S., as well as international affiliate offices in London, Hamburg, Madrid, Milan, Paris and Rio de Janeiro, H.I.G. specializes in providing both debt and equity capital to small and mid-sized companies, utilizing a flexible and operationally focused/ value-added approach: