Global private equity investment firm H.I.G. Capital, LLC (H.I.G.) announced today that one of its affiliates has acquired a 272 for-rent residential units totalling approximately 17,000 sqm. located within Dublin. The purchase price was not disclosed.
“We are excited to make this investment and see significant opportunities in the Irish residential sector to continue to expand this platform. Our focus in Ireland is on building a high-quality residential portfolio that has the potential of becoming a highly liquid institutional asset as the result of the envisaged value-add initiatives,” said Riccardo Dallolio, Managing Director and Head of H.I.G. Realty Partners Europe.
“The Dublin residential sector is benefiting from a unique combination of structural change and favourable supply/demand fundamentals. H.I.G. Realty has deep experience in operationally-intensive sectors and this investment is a perfect fit for us,” added Jérôme Fouillé, Managing Director at H.I.G. Europe Realty Partners in London.