H.I.G. Capital has recently completed the acquisition, through a series of transactions, of 272 for-rent residential units totaling approximately 17,000 square meters (183,000 square feet) located within Dublin.
Riccardo Dallolio, managing director and head of H.I.G. Realty Partners Europe, said, “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 H.I.G. Europe Realty Partners in London, added, “The Dublin residential sector is benefiting from a unique combination of structural change and favorable supply/demand fundamentals. H.I.G. Realty has deep experience in operationally-intensive sectors and this investment is a perfect fit for us.
