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

H.I.G. Capital, a global alternative investment firm with $70 billion in assets under management, has launched a new self-storage platform in Italy. This follows its acquisition of five facilities in key metropolitan areas, marking a significant expansion in its self-storage interests, which already include the UK and Germany.

Operating under the brand Boxengo, the platform's initial focus will be on Milan and Rome. Of the five facilities acquired, four are located in Milan and one in Rome. The first two will open by the end of this year in Milan, with the other three to follow in 2026. William Binella, a veteran with over 25 years in the industry, will lead Boxengo.

Riccardo Dallolio, Managing Director at H.I.G. Realty, highlighted the strategic importance of these acquisitions in their self-storage expansion. Alessio Lucentini emphasized Boxengo's aim to be an innovative leader in the sector.