HIG Capital has entered Italy's self-storage sector with the acquisition of five facilities in Milan and Rome, expanding its European real estate footprint into a third country. The move comes as the $70 billion alternative investment firm doubles down on operationally driven real estate plays across the continent.
Operating under the Boxengo brand, the new platform targets Italy's two largest metropolitan areas with a portfolio split between four Milan properties and one Rome location. Two Milan facilities are slated to open by December 2025, while the remaining three will launch throughout next year.
