Miami-based alternative investment firm H.I.G. Capital has established an Italian self-storage platform, following the completion of its first five acquisitions in Italy. This initiative marks another step in H.I.G.’s ongoing expansion within the self-storage industry, building on its existing platforms in the United Kingdom and Germany.
Operating under the brand Boxengo, the platform will initially focus on the metropolitan areas of Milan and Rome, with a seed portfolio of five self-storage facilities, including fourin Milan and one in Rome. The first two assets are scheduled to open in Milan by year-end, with the remaining three becoming operational in 2026.
Riccardo Dallolio, managing director and head of H.I.G. Realty in Europe, in London, said: “The successful completion of the first five acquisitions represents an important milestone for H.I.G. Realty’s strategy in self-storage, which we see as an operationally intensive and undersupplied sector. We look forward to growing Boxengo into a leader in the sector.”
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