US private equity group HIG Capital has completed the acquisition of a portfolio of retail assets in Sweden and of an office property in Rome, Italy in two separate transactions.
US private equity group HIG Capital has completed the acquisition of a portfolio of retail assets in Sweden and of an office property in Rome, Italy in two separate transactions.
Financial details were kept confidential.
The properties add around 60,000 m2 of office and retail space to the company's European real estate portfolio.
'We have now closed our fifth transaction in Italy and our fourth in the Nordics. Both the Italian and the Nordics markets are key for HIG’s real estate strategy in Europe and we continue to actively look at opportunities in the small/midcap sector in both regions,' said Riccardo Dallolio, managing director at HIG in London.
Earlier this year HIG Capital hired Graham Emmett to lead its structured finance real estate activities in London. He was previously an investment partner in the real estate division of London-based alternative asset manager Cheyne Capital. He was lead portfolio manager of Cheyne's listed real estate debt vehicle.
Before that Emmett was partner at ICG Longbow, a London-based real estate lender, and served as head of lending and corporate finance on the executive management team of Irish bad bank, Nama.
HIG Capital’s European real estate platform targets direct principal equity investments, junior debt investments and whole loans in opportunistic real estate investments across Europe. The focus is on value-add assets in all sectors.
