H.I.G. Capital Launches New Self-Storage Platform in Italy with Boxengo
H.I.G. Capital, a prominent global alternative investment firm with impressive capital management of $70 billion, has recently made a significant move in the self-storage industry by launching its new platform in Italy, branded as Boxengo. This initiative comes on the heels of the successful acquisition of its first five self-storage facilities positioned strategically in key metropolitan areas, particularly Milan and Rome.
The new platform will primarily operate in the metropolitan regions of these two vibrant cities. Out of the five facilities acquired, four are located in Milan, while one is nestled in Rome. Anticipation is building as the first two assets are slated to open by the end of this year, followed by the additional three set to commence operations throughout 2026.
At the helm of Boxengo is CEO William Binella, an industry veteran boasting over 25 years of expertise in the self-storage arena. His leadership is expected to steer the platform towards establishing a robust presence in this burgeoning market.
Riccardo Dallolio, Managing Director and Head of H.I.G. Realty in Europe, expressed his enthusiasm for this latest venture. He stated that the successful acquisition of these initial five properties marks a vital achievement in H.I.G. Realty's strategy to penetrate the self-storage realm, an area recognized for its operational intensity yet considerable supply gaps. The intent is clear: to cultivate Boxengo into a preeminent player within the sector.
Furthermore, Alessio Lucentini, Managing Director and Head of Asset Management at H.I.G. Realty, shared insights on Boxengo's vision. The ambition is to construct a next-generation self-storage platform characterized by innovation and operational excellence, built atop high-quality assets. Leveraging H.I.G. Realty's profound history in enhancing real estate value through effective management, the goal is to make Boxengo a benchmark for quality and growth in this vibrant sector.
Founded in 1993, H.I.G. Capital has a rich legacy of investing in various companies globally, totaling over 400 investments. This experience underscores the firm's commitment to creating value in multiple sectors, including real estate. The launch of Boxengo aligns with H.I.G.'s strategic growth objectives in Europe, complementing its existing platforms in the UK and Germany. The firm’s real estate funds are distinguished by their focus on value-added properties that are primed for a turnaround through improved management practices.
In summary, H.I.G. Capital's establishment of Boxengo marks a pivotal opportunity to tap into Italy’s growing demand for self-storage solutions. With a focused approach on operationally intensive facilities and a leadership team seasoned in the field, Boxengo is poised to reshape the self-storage landscape in Italy, providing top-tier services to a market ripe for development.
For more information regarding H.I.G. Capital and its various initiatives, you can visit hig.com.
The new platform will primarily operate in the metropolitan regions of these two vibrant cities. Out of the five facilities acquired, four are located in Milan, while one is nestled in Rome. Anticipation is building as the first two assets are slated to open by the end of this year, followed by the additional three set to commence operations throughout 2026.
At the helm of Boxengo is CEO William Binella, an industry veteran boasting over 25 years of expertise in the self-storage arena. His leadership is expected to steer the platform towards establishing a robust presence in this burgeoning market.
Riccardo Dallolio, Managing Director and Head of H.I.G. Realty in Europe, expressed his enthusiasm for this latest venture. He stated that the successful acquisition of these initial five properties marks a vital achievement in H.I.G. Realty's strategy to penetrate the self-storage realm, an area recognized for its operational intensity yet considerable supply gaps. The intent is clear: to cultivate Boxengo into a preeminent player within the sector.
Furthermore, Alessio Lucentini, Managing Director and Head of Asset Management at H.I.G. Realty, shared insights on Boxengo's vision. The ambition is to construct a next-generation self-storage platform characterized by innovation and operational excellence, built atop high-quality assets. Leveraging H.I.G. Realty's profound history in enhancing real estate value through effective management, the goal is to make Boxengo a benchmark for quality and growth in this vibrant sector.
Founded in 1993, H.I.G. Capital has a rich legacy of investing in various companies globally, totaling over 400 investments. This experience underscores the firm's commitment to creating value in multiple sectors, including real estate. The launch of Boxengo aligns with H.I.G.'s strategic growth objectives in Europe, complementing its existing platforms in the UK and Germany. The firm’s real estate funds are distinguished by their focus on value-added properties that are primed for a turnaround through improved management practices.
In summary, H.I.G. Capital's establishment of Boxengo marks a pivotal opportunity to tap into Italy’s growing demand for self-storage solutions. With a focused approach on operationally intensive facilities and a leadership team seasoned in the field, Boxengo is poised to reshape the self-storage landscape in Italy, providing top-tier services to a market ripe for development.
For more information regarding H.I.G. Capital and its various initiatives, you can visit hig.com.
Topics General Business）
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