HIG Capital acquires rental residential portfolios in Dublin
An affiliate of HIG Capital (HIG), a global alternative investment firm with USD40 billion of equity capital under management, has recently completed the acquisition, through a series of transactions, of 272 for-rent residential units totalling approximately 17,000 s qm located within Dublin.
Riccardo Dallolio, Managing Director and Head of HIG Realty Partners Europe, says: “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”.
Jérôme Fouillé, Managing Director at HIG Europe Realty Partners in London, adds: “The Dublin residential sector is benefiting from a unique combination of structural change and favourable supply/ demand fundamentals. HIG Realty has deep experience in operationally-intensive sectors and this investment is a perfect fit for us”.
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 particular focus on its target market of value-added small and midcap opportunities.