"Miami-based alternative investment firm HIG Capital has launched a self-storage platform in Italy, marking its third European market entry in the sector following established operations in the United Kingdom and Germany. The firm completed acquisitions of five facilities across Milan and Rome, signaling continued confidence in European real estate opportunities despite broader market uncertainty. The platform, branded as Boxengo, will open its first two Milan locations before year-end, with three additional sites-two in Milan and one in Rome-scheduled to begin operations throughout 2026."
"HIG Capital, founded in 1993 by Sami Mnaymneh and Tony Tamer, manages $70 billion in capital across multiple investment strategies. The firm has increasingly directed resources toward operationally intensive real estate sectors where supply constraints create attractive returns. Self-storage fits this profile, particularly in densely populated European metropolitan areas where residential space limitations drive demand for auxiliary storage solutions. Self-storage presents specific advantages. The sector demonstrated resilience during economic downturns, as consumers and businesses require storage during relocations, downsizing, or business transitions."
HIG Capital has launched a self-storage platform in Italy, completing acquisitions of five facilities across Milan and Rome and branding the venture Boxengo. The first two Milan locations will open before year-end, with two additional Milan sites and one Rome site scheduled to begin operations during 2026. William Binella will lead the platform as chief executive officer, bringing over 25 years of sector experience. HIG manages $70 billion and is directing capital to operationally intensive real estate sectors with supply constraints. The firm sees self-storage as resilient in downturns, benefiting from urban density and fragmentation that enable consolidation and value-add management.
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