The American investment fund HIG Capital completed the purchase of three residential buildings in the center of Lisbon, thus strengthening its presence in the Portuguese market.
The news is advanced by IPE Real Assets, according to which the acquisition was made in several stages, through an affiliate of yours, based in Miami.
No further financial details of the business are known, or which buildings are involved.
Cited by the same publication and by Económico, Riccardo Dallolio, director of HIG Europe Realty Partners, does not hide the great opportunities he sees in the residential sector in Lisbon, and their interest for HIG: «our focus in Portugal is the rehabilitation of assets in privileged locations to respond to local and international demand for residential units ».
For his part, Esteban Caja Samboal, director of HIG Europe Realty Partners in Madrid, believes that «the residential sector in Lisbon is benefiting from a unique combination of structural change and favorable supply / demand fundamentals».
«HIG has extensive experience in operationally intensive sectors and this investment is a logical continuation of our European portfolio», continues the responsible.
The first acquisitions of HIG Capital in Portugal date back to 2015, when it invested more than 110 million euros in the purchase of 77 real estate assets and 114 guaranteed loans to Finangeste, recalls Negócios.
