H.I.G. Capital is bolstering its UK urban logistics platform with new acquisitions in Greater London and establishing a new self-storage platform, Boxengo, in Italy.

H.I.G. Capital is bolstering its UK urban logistics platform with new acquisitions in Greater London and establishing a new self-storage platform, Boxengo, in Italy.

UK urban logistics - H.I.G. Capital

An affiliate of H.I.G. has acquired two prime last-mile industrial outdoor storage (IOS) and logistics estates in Erith and Rainham, Greater London. The off-market acquisitions are strategically located along key logistics corridors, providing direct access to Central London and major arterial routes. 
H.I.G. intends to unlock significant value through targeted repositioning, rental reversion, and ESG-led upgrades to these currently under-rented and fully occupied assets. The plan includes a phased refurbishment and reconfiguration strategy, delivering high-spec, sustainable logistics spaces tailored for last-mile delivery, industrial outdoor storage, and flexible multi-let use.
Following these transactions, H.I.G. Realty's UK IOS and logistics platform now encompasses over 139,354 m2, representing a gross asset value (GAV) exceeding £300 mln (€345 mln). The platform focuses on high-barrier, supply-constrained submarkets within London and the Golden Triangle, where demand for modern, institutional-grade logistics continues to outstrip supply.
In addition to its UK expansion, H.I.G. Capital has established its new Italian self-storage platform, Boxengo, with the completion of its first five acquisitions in Italy. This initiative builds upon H.I.G.’s existing self-storage platforms in the United Kingdom and Germany.
Boxengo will initially concentrate on the metropolitan areas of Milan and Rome, with a seed portfolio of five strategically located self-storage facilities (four in Milan and one in Rome). The first two assets are slated to open in Milan by year-end, with the remaining three becoming operational throughout 2026. The platform will be led by CEO William Binella, an industry veteran with over 25 years of experience in the self-storage sector.