HIG Capital completes purchase of 15 UK commercial real estate assets
The properties were purchased by HIG Bauer Property as the initial acquisition for a joint venture established by Bayside Capital in partnership with specialist asset manager Bauer Group, targeting high yielding commercial multi-let assets in the UK.
Ahmed Hamdani, managing director at Bayside Capital, said:
“We are excited about the opportunities available in the UK market and pleased to be partnering with Bauer Group on this strategy. The purchase underlines Bayside Capital’s capability to quickly execute transactions in a complex asset class. This transaction demonstrates HIG’s commitment to the UK market and to growing its European real estate and NPL business further.”
David Reed and Jeremy Oldroyd, Bauer Group’s joint chief executives, added:
“This is a hugely important transaction for Bauer Group. We see substantial opportunities in the UK regional commercial property markets and to create a joint venture with an organisation such as HIG is very exciting for us.”