H.I.G. Capital has acquired a strategic land plot in Southwark, London, as part of a joint venture with HUB Residential, aimed at developing a mixed-use, sustainable residential project within the Elephant Park regeneration initiative.

Target Information

H.I.G. Capital, a prominent global alternative investment firm managing $67 billion in capital, has made an off-market acquisition of a strategic land plot in Southwark, London, through one of its affiliates. This acquisition represents the second joint venture with HUB Residential, a distinguished residential developer in the UK.

The acquired site is the final component of an extensive 10-acre regeneration initiative at Elephant Park, executed in partnership with Lendlease, a worldwide leader in construction and real estate, along with the Southwark Council. This large-scale development has successfully delivered nearly 3,000 housing units encompassing affordable, build-to-rent, and for-sale options. Additionally, it features a completed two-acre public park equipped with natural stone play areas, water features, and a net-zero heating network designed to support the growing residential community.

Industry Overview in the United Kingdom

The housing market in the United Kingdom, particularly in London, has been experiencing consistent growth, driven by ongoing demand for both private and affordable housing options.