US-based private equity investment firm HIG Capital has hired AXA Real Estate's head of alternatives and special situations Riccardo Dallolio as new managing director and co-head of European real estate.
US-based private equity investment firm HIG Capital has hired AXA Real Estate's head of alternatives and special situations Riccardo Dallolio as new managing director and co-head of European real estate.
Based in London, Dallolio will share his responsibilities with Ahmed Hamdani, who has been a managing director in London since 2012.
Dallolio has over 16 years of real estate experience across a number of jurisdictions in Europe. During his time at AXA RE, he was also head of transactions in Europe and head of asset management and transactions in France. Prior to AXA, he was a partner at Grove International Partners and worked in the JP Morgan Real Estate Group in London.
The announcement follows HIG's hiring in November last year of Simon Laker as principal and head of European asset management for its real estate portfolio. Laker, based in HIG's London office, joined the firm from UK private equity group Evans Randall, where he managed real estate investments across several European markets.
With European offices in London, Madrid, and Milan, Miami-headquartered HIG Capital targets opportunistic real estate investments, with a focus on adding value, and achieving attractive risk adjusted returns. The group manages a total of €13 bn of assets.
Recent European acquisitions include the purchase of two portfolios of light industrial assets in the Netherlands for a combined value of €44 mln and the joint purchase of a retail property portfolio in Finland from AXA REIM for €107 mln. The portfolio comprises 123 retail assets with a total lettable area of 128,500 m2 located across Finland.
