H.I.G. Capital has acquired Radio House and St. Andrew’s House, an innovation campus in Cambridge, U.K., aiming to leverage the growing demand for technology and life sciences spaces in the area.

Information on the Target

H.I.G. Capital has successfully acquired Radio House and St. Andrew’s House (collectively referred to as RHSAH), a notable innovation campus situated in the prestigious city of Cambridge, U.K. This property covers an area of 85,000 square feet and consists of two buildings specifically designed for technology and innovation-focused enterprises. With a BREEAM 'Excellent' sustainability rating, RHSAH stands as a prime asset, offering substantial opportunities for future enhancements and development into a comprehensive Innovation & Life Sciences campus, situated right in the vibrant center of Cambridge.

The significant value creation opportunities presented by this acquisition are amplified by the existing imbalance between supply and demand within the Cambridge real estate market. This region is renowned for its high concentration of research institutions, making RHSAH an attractive investment for stakeholders aiming to capitalize on the burgeoning demand for innovation-driven spaces.

Industry Overview in the Target’s Specific Country

The real estate market in the United Kingdom, particularly in Cambridge, has witnessed a remarkable transformation driven by the increasing need for technological and life science spaces. Cambridge is recognized as one of Europe’s leading Tech and Life Science hubs, whic