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

H.I.G. Capital Launches Self-Storage Platform

H.I.G. Capital, a prominent global alternative investment firm with $70 billion in assets under management, has officially launched its new self-storage platform, Boxengo, in Italy. This initiative comes on the heels of H.I.G.’s first five acquisitions within the country, marking a significant expansion in the self-storage industry. Previously active in the UK and Germany, the company is now poised to establish a firm footprint in Italy’s urban landscapes, particularly in Milan and Rome.

Strategic Focus and Growth Ambitions

The Boxengo brand will initially oversee five strategically located self-storage facilities—four in Milan and one in Rome. The first two facilities in Milan are scheduled to open by the end of this year, with the remaining three expected to follow throughout 2026. The strategy is designed to leverage the growing demand for self-storage solutions in urban settings, where space often comes at a premium.

William Binella, a seasoned industry leader with over 25 years of experience in the self-storage sector, will serve as the CEO of Boxengo. His expertise is expected to be instrumental in navigating the competitive landscape and ensuring the platform’s success.

Riccardo Dallolio, the General Manager and Head of H.I.G. Realty in Europe, emphasized the significance of these acquisitions, referring to them as a milestone in the company's strategy. He stated, "The successful completion of our first five acquisitions is a crucial step for H.I.G. Realty in self-storage, a sector we perceive as operationally intensive and under-supplied. We look forward to developing Boxengo into a sector leader."

Commitment to Excellence

Alessio Lucentini, who also shares a leadership role in H.I.G. Realty’s European division, elaborated on the ambition behind Boxengo. He stated, "With Boxengo, we aim to create a next-generation, operationally innovative self-storage platform built on high-quality assets. H.I.G. Realty’s extensive experience in value-add and operational real estate will be leveraged to position Boxengo as a benchmark for quality and growth in this dynamic industry."

H.I.G. Capital's Broader Portfolio

Founded in 1993, H.I.G. Capital has made investments in more than 400 enterprises worldwide, managing a diverse portfolio of over 100 companies with a combined revenue exceeding $53 billion. Beyond self-storage, H.I.G. specializes in various markets including real estate, infrastructure, and finance, providing both debt and equity to middle-market businesses. The firm is headquartered in Miami, with offices across major U.S. cities as well as international locations in Europe and Latin America.

The establishment of Boxengo is part of H.I.G. Capital's ongoing strategy to tap into new markets and diversify its investment portfolio while meeting the evolving needs of urban populations. As cities grow and space becomes more constrained, the demand for flexible storage solutions like those offered by Boxengo is expected to rise significantly.

For further information, visit H.I.G. Capital's official website at hig.com.