182
182
  • Transaction / Assets
    three Apartment Buildings in Lisbon
  • Seller
    na
  • Buyer
    HIG Capital
  • € MM

HIG Capital Acquires Three Apartment Buildings in Lisbon

23 February 2021

HIG Capital, a US investment fund, has acquired three residential buildings in downtown Lisbon, expanding its footprint in Portugal. Few details of the transaction, including the sales price and the exact location of the buildings, were disclosed.

According to the Jornal de Negócios and IPE Real Assets, the acquisition was completed in a series of individual transactions through one of HIG Capital’s subsidiaries.  The investment firm is based in Miami and has about 43 billion dollars of assets under management.

“Our focus in Portugal is on refurbishing assets in prime locations to meet the local and international demand for residential units,” said Riccardo Dallolio, director of HIG Europe Realty Partners, adding that the company sees significant opportunities in Lisbon’s residential sector.

The US fund had already invested over 110 million euros in Portugal in 2015, buying 77 real estate assets and 114 secured loans from Finangeste.

Original Story: Jornal de Negócios – Rui Neves

Translation: Richard Turner