H.I.G. Capital, a global private equity and alternative asset investment firm with €20bn of equity capital under management, announced that one of its affiliates has completed an investment in a real estate portfolio composed of a shopping centre located in Piedmont and an office building located in the Milan metropolitan area. Financial terms were not disclosed.
The shopping centre "Le Isole" of Gravellona Toce (VCO) is dominant in its catchment area and comprises approximately 8,500m² of GLA. The office building is located in Vimodrone (MI) in the Eastern periphery of Milan. It comprises approximately 12,000m² and it is fully leased to primary international tenants.
Riccardo Dallolio, Managing Director at H.I.G. in London, commented, "This is our seventh investment in Italy in the past two years. Italy represents a key focus for our European strategy and we continue to seek additional small and mid-cap, value-add, investment opportunities to increase H.I.G.'s presence in this market".
