#self-storage #Italy #Milan #H.I.G. Capital #Boxengo

H.I.G. Capital Expands to Italy with New Self-Storage Platform

H.I.G. Capital, a prominent global alternative investment firm, has announced a significant development in its portfolio by establishing a self-storage platform in Italy named Boxengo. This launch comes after the completion of its first five acquisitions in the region, marking an important milestone in H.I.G.'s strategy to grow within the self-storage sector—an arena recognized as operationally intensive and currently underserved.

Based in Miami and with a robust financial foundation of $70 billion in capital under management, H.I.G. intends to leverage its experience from existing platforms in the United Kingdom and Germany to establish a strong presence in Italy. Boxengo will particularly focus on metropolitan markets, starting with five strategically located facilities in Milan and Rome. The initial phase includes four locations in Milan and one in Rome, with plans to open the first two facilities by the end of the year.

The leadership team for Boxengo is spearheaded by William Binella, a seasoned executive with over 25 years of experience in the self-storage industry. His expertise is expected to drive the growth and operational excellence of this new platform. In a statement from Riccardo Dallolio, Managing Director at H.I.G., he highlighted the importance of these acquisitions and the ambition to grow Boxengo into a sector leader. Dallolio emphasized that the company's strategic vision is rooted in the belief that self-storage is a vital and growing sector, particularly in urban environments.

Alessio Lucentini, also a Managing Director at H.I.G. Realty, expressed the goal of creating an innovative next-generation self-storage platform built on high-quality assets under Boxengo. He pointed out that by utilizing H.I.G. Realty’s deep experience in value-added real estate, Boxengo intends to set a new benchmark for operational excellence and growth within the fast-evolving self-storage market.

The investments made in these facilities signal H.I.G.'s confidence in the Italian market, which is increasingly recognizing the benefits of self-storage solutions. As urban living spaces become more compact, the demand for self-storage is expected to rise, presenting a prime opportunity for growth.

Boxengo is positioned to cater to both individual and business needs, offering a range of storage solutions that are easily accessible and tailored to customer requirements. The launch of these facilities will not only enhance Boxengo's service offerings but will also contribute to the local economies by creating jobs and fostering community engagement.

H.I.G. Capital’s expansive international footprint spans beyond the USA, with operational offices across multiple continents, including Europe, Latin America, and Asia. This global network enables the firm to identify and manage opportunities in diverse markets, enhancing its ability to deliver solid returns to its investors.

Looking ahead, H.I.G. Capital aims to replicate its success in Italy by continually expanding Boxengo's footprint and evolving the offerings based on market trends and customer feedback. With leadership focused on innovation and quality, Boxengo is primed to become a go-to self-storage provider in Italy, shaping the future of how residents and businesses utilize storage space in urban settings.