H.I.G. Capital announced that an affiliate has completed the acquisition of the Plaza Éboli Shopping Centre in Madrid. The centre comprises over 31,000 m² and tenants include leading retailers such as Inditex, H&M, C&A and Cortefiel.
The transaction represents H.I.G. Capital's 18th real estate investment in Europe since the start of 2013. H.I.G. continues to add to its sizeable portfolio of Real Estate assets in Europe, consisting of both equity as well as debt investments, with focus on its target market of value-added small/midcap opportunities.
Ahmed Hamdani, Managing Director at H.I.G. in London commented: “This transaction demonstrates our ability to identify assets with high growth potential and to execute complex acquisitions in a short period of time”.
Source: H.I.G. Capital