HIG Capital has added 272 for-rent residential units in Ireland to its portfolio.
The global alternative investment firm said one of its affiliates has recently invested an undisclosed sum in Dublin to buy the assets through a series of transactions.
Riccardo Dallolio, managing director and head of HIG Realty Partners Europe, said: 鈥淲e are excited to make this investment and see significant opportunities in the Irish residential sector to continue to expand this platform.
鈥淥ur 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.鈥�
J茅r么me Fouill茅, managing director at HIG Europe Realty Partners in London, said: 鈥淭he Dublin residential sector is benefiting from a unique combination of structural change and favourable supply/ demand fundamentals.
鈥淗IG Realty has deep experience in operationally-intensive sectors and this investment is a perfect fit for us.鈥�
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