H.I.G. Capital LLC, a global alternative investment firm, has purchased three residential buildings located within central Lisbon.
Riccardo Dallolio, managing director and head of H.I.G. Europe Realty Partners, commented, “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.”
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.”