HIG Capital invests in Spanish tourist apartment complex

An affiliate of HIG Capital has completed an investment in a real estate asset consisting of the apartment complex Valle Romano located in Estepona, Málaga.

Financial terms have not been disclosed.
 
Valle Romano complex is placed within Valle Romano Golf and comprises 430 apartments with its correspondent facilities including swimming-pools, gym, restaurants, and paddle courts amongst others. The total area is about 46,000 sq m.
 
"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 HIG's presence in this market."