HIG Capital has purchased a loan and real estate portfolio from Portuguese investor Finageste.
The portfolio consists of 114 secured loans against assets in Portugal and 77 direct real estate assets in the country with a total face value of €110m (£80m).
The transaction reflects the increasing popularity of Portuguese assete and also marks HIG’s 21st investment in Europe since 2013.
The company said that the purchase would be a platform for further investments in Portugal’s non-performing loan and real estate market.
Ahmed Hamdani, managing director of HIG in London, said: “This investment demonstrates our ability to execute complex transactions in the Portuguese market. We continue to acquire undervalued real estate assets and to which we see an opportunity to add value by enhancing the income and quality.”
