Private equity firm HIG Capital has completed the acquisition of the Buonvento shopping centre in Benevento, southern Italy, from AXA Investment Managers Real Assets' European Added Value Fund.
Financial details were not disclosed.
Opened in 2005, the shopping centre comprises 20,000 m2 of space over 49 shops and a Leclerc hypermarket.
Riccardo Dallolio, managing director at HIG in London commented: 'This is our sixth investment in Italy since 2014. The Italian market represents an important part of our European strategy and we continue to actively look at opportunities in the small/midcap sector in the country across all asset classes and across the capital structure.'
