H.I.G. Capital, LLC, a leading global alternative investment firm with over $45 billion of equity capital under management, announces that an affiliate has provided financing for the redevelopment of 20 Carlton House Terrace.

Riccardo Dallolio, Managing Director and Head of H.I.G. Europe Realty in London, said: “We are delighted to complete this transaction in line with our strategy of investing in institutional quality value-add projects in central London. We believe this asset has the potential of becoming one of the best buildings in Mayfair and St. James’s where supply-demand dynamics are particularly favourable for best-in-class office buildings”.

Chris Zlatarev, Principal at H.I.G. Europe Realty Partners, commented: “The transaction demonstrates our ability to structure joint ventures with high-quality partners focused on creating best-in-class buildings. 20 Carlton House Terrace is a build-to-core re-development to provide state-of-the-art office space with futureproof ESG credentials”.