Global private equity firm H.I.G. Capital has announced the acquisition of an office property in Paris, and a retail park in Brindisi, Southern Italy in two separate transactions.
Financial terms were not disclosed.
In Italy, H.I.G. bought the Brinkpark retail park of nine stores in Brindisi from Italian family-owned Aliotto group. Opened in March this year, it provides 17,000 m2 of retail space occupied by largely national retail brands including Cisalfa, Eurospin, Happy Casa, Mc Donald’s, and Media World.
The Paris asset was bought in an off market deal. It is located in the Peri-Defense area and provides 8,000 m2 of space.
'These transactions further demonstrate the strength of H.I.G’s. real estate platform in Europe, which focuses on proprietary deal flow and on value-add opportunities with strong current yields in the small to mid-cap space,' commented Riccardo Dallolio, managing director and head of H.I.G. Europe Realty Partners in London.
Miami-based HIG Capital, which has offices around the world, including a European presence in London, Hamburg, Madrid, Milan and Paris, specialises in providing both debt and equity capital to small and mid-sized companies. The firm's current portfolio includes more than 100 companies with combined sales in excess of €28 bn.
