H.I.G. Capital announced on Friday that one of its affiliates had completed the acquisition of three residential assets located within central Lisbon.
“We see significant opportunities in the Lisbon residential sector to expand this platform. Our focus in Portugal is on refurbishing assets in prime locations to meet the local and international demand for residential units,” said Riccardo Dallolio, Managing Director and Head of H.I.G. Europe Realty Partners.
Esteban Caja Samboal, Principal at H.I.G. Europe Realty Partners in Madrid, added: “The Lisbon residential sector is benefiting from a unique combination of structural change and favourable supply / demand fundamentals. H.I.G. has extensive experience in operationally-intensive sectors and this investment is a logical continuation of our European portfolio.”