H.I.G. Capital has recently completed the acquisition through multiple transactions of three residential buildings located within central Lisbon. The company continues to add to its sizeable holdings of real estate assets across Europe, consisting of both equity as well as debt investments, with a particular focus on its target market of value-added small and midcap opportunities. The purchase price was not disclosed.
Riccardo Dallolio, Managing Director and Head of H.I.G. Europe Realty Partners, commented: “We see significant opportunities in the Lisbon residential sector to expand this platform. Our focus in Portugal is on refurbishing assets in prime locations to meet the local and international demand for residential units”.
Esteban Caja Samboal, Principal at H.I.G. Europe Realty Partners in Madrid, added: “The Lisbon residential sector is benefiting from a unique combination of structural change and favourable supply/demand fundamentals. H.I.G. has extensive experience in operationally-intensive sectors and this investment is a logical continuation of our European portfolio”.