H.I.G. Realty expands logistics and & IOS platform into Norway

Global alternative investor H.I.G. Realty is expanding its European Industrial Outdoor Storage (IOS) and logistics platform by acquiring four new logistics assets in Norway. 

Norway logistics

This latest acquisition includes approximately 25,000 m2 of built space spread across 110,000 m2 of land.
These Norwegian properties boast strong tenant demand, flexible configurations (including warm storage and cross-docking capabilities), and excellent motorway access. H.I.G. plans to implement a value-enhancement strategy involving operational improvements, capital investments to upgrade facilities, boost site efficiency, stabilize occupancy, and explore further development opportunities within current zoning. A comprehensive ESG program will also be rolled out, including preparations for rooftop solar, LED lighting upgrades, and installing EV charging points for various vehicles.
With this addition, alongside existing IOS investments in the UK, France, and Southern Europe, H.I.G.'s European IOS portfolio is projected to reach a stabilized value exceeding €1 bn.
Riccardo Dallolio, managing director and head of H.I.G. Realty in Europe, commented: “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.”
Jérôme Fouillé, managing director at H.I.G. Realty in Europe, added: “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.”