An affiliate of HIG Capital has bought the Grosvenor shopping centre in Chester for around £65m.
The transaction is HIG Capital’s 16th real estate investment in Europe since the start of 2013.
HIG managing director Riccardo Dallolio said: “This investment demonstrates our ability to secure value- added assets in the UK market. In this respect, our speed of execution and flexible approach gave us a competitive edge.
“We will continue to acquire assets where we see an opportunity to add value by enhancing the income and quality of the asset.”
