H.I.G. expands European logistics footprint in Norway
H.I.G. Capital has acquired four logistics and light-industrial properties in Norway, expanding its European logistics portfolio. The assets cover around 25,000 sqm of built space on 110,000 sqm of land, benefiting from high tenant demand, flexible configurations, cross-dock capabilities and excellent motorway links. H.I.G. plans to enhance its portfolio through operational improvements, capital upgrades and an ESG programme including rooftop solar, LED lighting and EV charging stations. This aligns with H.I.G.'s recent IOS investments across Europe, with the total value expected to surpass EUR 1 billion.
Riccardo Dallolio highlighted that the acquisition marks H.I.G.'s return to Norway's supply-constrained market, which is ideal for long-term value growth. Jérôme Fouillé noted the optimal location linked to Oslo's limited new logistics development, supporting rental growth and energy-efficient space demand. The deal reinforces H.I.G.’s strategy of building a robust, sustainable logistics portfolio in Europe's key markets.