HIG Capital has appointed a new co-head of European real estate who will share the role with existing managing director Ahmed Hamdani, PDI's sister title, Real Estate Capital, reported.
The private equity investor has recruited Riccardo Dallolio (pictured) to the position. Dallolio was previously at AXA Real Estate where he was head of alternatives and special situations and part of AXA’s drive into value-add opportunities which commenced in 2012.
HIG has been expanding rapidly over the past two years having concluded 13 transactions across Europe. Recent deals have included the purchase of a €107m portfolio of Finnish supermarkets from AXA in December last year and a €495m Romanian NPL portfolio last July from Volksbank Romania.
Prior to being head of alternatives and special situations, Dallolio was head of transactions in Europe and head of asset management and transactions in France for AXA. Before that, he was a partner at Grove International Partners and also worked for JP Morgan.
Sami Mnaymneh, co-founder and co-chief executive of HIG, said: “[Dallolio] is a very experienced and successful real estate investor who significantly augments the expertise and capabilities of our team. I am confident he will play an instrumental role in HIG Capital’s development and growth in the real estate asset class”.