HIG Capital invests in luxury complex near Venice
An affiliate of HIG Capital (HIG) has completed an investment in Portopiccolo, a self-contained luxury complex near Venice which includes 203 high-end residential apartments, a five-star hotel with a spa and 110 marina berths. Terms of the deal have not been disclosed.
HIG continues to add to its sizeable holdings of real estate assets across Europe, consisting of both equity as well as debt investments, with a focus on its target market of value-add small and midcap opportunities.
Riccardo Dallolio, Managing Director and Head of HIG Realty Partners Europe, says: “This marks our 10th real estate investment in Italy. The Italian real estate markets represent a key part of our European value-add strategy and we continue to actively look at opportunities in the small/midcap sector across the capital structure”.
Gabriele Magotti, Managing Director at HIG Europe Realty Partners in Milan, adds: “This transaction demonstrates our strong local sourcing capabilities in Italy and our ability to structure complex transactions with significant potential to add-value”.