HIG Capital invests in Spanish offices

HIG Capital has increased its presence in the Spanish market with the acquisition of two office buildings.

The $34bn (€30.7bn) private equity investment firm has paid an undisclosed sum for the 15,000sqm assets in Madrid.

HIG said one of the buildings has been recently refurbished, while the other will undergo an extensive renovation.

Riccardo Dallolio, managing director and head of HIG Realty Partners Europe, said: “Our focus in Spain is on high-quality assets with the potential of becoming a highly liquid institutional product as the result of the envisaged value add initiatives.”

Esteban Caja Samboal, principal at HIG Europe Realty Partners in Madrid, said: “Spain represents an important part of our European strategy and we continue to seek additional small and mid-cap, value-add, investment opportunities to increase HIG´s presence in this market.”

Related images

  • HIG

Have your say

You must sign in to make a comment

IPE QUEST

Your first step in manager selection...

IPE Quest is a manager search facility that connects institutional investors and asset managers.

  • QN-2573

    Asset class: Real Estate.
    Asset region: Global.
    Size: CHF 150m.
    Closing date: 2019-12-06.

  • QN-2575

    Asset class: Core Real Estate Muli-Manager Separate Managed Account.
    Asset region: Global.
    Size: CHF 150m.
    Closing date: 2019-12-20.

  • QN-2576

    Asset class: Small Caps Equity.
    Asset region: US.
    Size: $>100m.
    Closing date: 2019-12-09.

  • QN-2578

    Asset class: Sovereign Local Currency Emerging Market Debt.
    Asset region: Local emerging markets.
    Size: EUR 950m.
    Closing date: 2019-12-19.

Begin Your Search Now