24 January 2017 – Property Week
A client of the private equity firm HIG Capital has acquired the 430-unit Valle Romano apartment complex in Estepona, Málaga.
The property, which includes swimming pools, restaurants and a gym, has a total surface area of about 495,000 sq ft.
“This is our seventh investment in Spain in the past three years”, said Riccardo Dallolio, Managing Director at HIG in London.
“Spain represents an important part of our European strategy and we continue to seek additional small and mid-cap, value-add, investment opportunities to increase HIG’s presence in this market”.
HIG is based in the USA but has offices in 8 countries around the world, and currently manages more than €22bn of equity capital.
Original story: Property Week (by Emanuele Midolo)
Edited by: Carmel Drake
Source:: AURA Real Estate Experts