H.I.G Capital buys apartment complex in Spain
An affiliate of H.I.G. Capital bought the Valle Romano apartment complex in Estepona, southern Spain. The transaction includes 430 apartments as well as swimming pools, a gym, restaurants and paddleball courts. The cost was not disclosed. “This is our seventh investment in Spain in the past three years. 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 H.I.G.'s presence on this market,” said Riccardo Dallolio, managing director at H.I.G. in London.