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 asset consisting of the apartment complex Valle Romano located in Estepona, Málaga. Financial terms were not disclosed.
Valle Romano complex is strategically placed within Valle Romano Golf and comprises 430 apartments with its correspondent facilities including swimming-pools, gym, restaurants, and paddle courts amongst others. Total area is approximately 46,000m².
Riccardo Dallolio, Managing Director at H.I.G. in London, commented, "This is our seventh investment in Spain in the past three years. Spain represents an important part of 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".
