H.I.G. Capital, LLC ('H.I.G'), a leading global private equity and alternative asset investment firm with €18bn of equity capital under management, announced today that one of its affiliates has completed an investment in an office building asset in Paris. The asset is located in the 17th Arrondissement of Paris. The asset, currently vacant and acquired off-market, represents an opportunity through extensive refurbishment to create high quality office space in the business district of Paris, where good quality supply is limited and forecast demand is strong.
The transaction represents H.I.G.’s 30th 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 a particular focus on its target market of value-added small/midcap opportunities.
Riccardo Dallolio, Managing Director at H.I.G. in London commented: “This is our first real estate investment in France. The French market represents an important part of our European strategy and we continue to actively look at opportunities in the small/midcap sector in the country across all asset classes and across the capital structure”.
