HIG Capital has added 20,000sqm of office and retail space to its real estate portfolio in Europe following the completion of investments in Paris and Italy.
The private equity investor said its affiliates have recently completed investments in an office property in Paris, and a retail park in Italy in two separate transactions. No financial terms were disclosed.
Riccardo Dallolio, head of HIG Europe Realty Partners in London, said: ”These transactions further demonstrate the strength of HIG’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.”
Founded in 1993, HIG has invested in and managed more than 300 companies worldwide. The firm’s current portfolio includes more than 100 companies with combined sales in excess of €28bn.
HIG said it continues to add to its sizeable holdings of real estate assets across Europe, consisting of both equity and debt investments, with a particular focus value-added small and mid-cap opportunities.