H.I.G. Realty Partners’ longer term plan is to develop the site into a high-quality, lab-enabled life sciences building with appointed development partner Lateral.
ASK is delighted to have provided a £22.5m senior loan to H.I.G. Realty Partners to fund the acquisition of a 0.5-acre site in Whitechapel, London.
Joshua Weinstein, Head of Institutional Markets at ASK, said:
“We were delighted to provide financing to HIG for the acquisition of this site. It is an excellent investment opportunity with the loan strongly underpinned by the site’s existing use as office space. However, as HIG recognised, its location has huge potential for lab-enabled space. Given the pace of expansion in life sciences in the UK as a result of the pandemic, and the consequent rising demand for lab-enabled space, we are very supportive of their plans and wish them every success.”
Next/Previous Article
