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HIG Capital invests in Italian shopping centre and office building

Private equity and alternative asset investment firm HIG Capital has completed an investment in a real estate portfolio comprising a shopping centre in Piedmont and an office building in the Milan metropolitan area.

Financial terms have not been disclosed.
 
The shopping centre "Le Isole" of Gravellona Toce (VCO) is dominant in its catchment area and comprises approximately 8,500 sq m of gross leasable area.
 
The office building is located in Vimodrone (MI) in the Eastern periphery of Milan. It comprises approximately 12,000 sq m and it is fully leased to international tenants.
 
Riccardo Dallolio, managing director at HIG in London, says: "This is our seventh investment in Italy in the past two years. Italy represents a key focus for 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."
 

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