H.I.G. Capital – a leading global alternative investment firm with $65 billion of capital under management – announced that one of its affiliates has invested in Ziegert Group GmbH, a fully integrated German real estate platform with a long-standing presence in the Berlin and Leipzig markets. The proceeds will be primarily used to finance existing projects and strategic acquisitions.
Based in Berlin, the Group currently manages over 100 prime, standing assets and a development portfolio of approximately 1,500 centrally located residential and commercial units in Berlin. And since its founding in 1985, the Group has successfully sold more than 20,000 residential units as a brokerage and later as a principal investor.
KEY QUOTES:
“We believe that certain segments of the German residential market are at an inflection point and are offering attractive investment opportunities. We are excited to partner with Ziegert Group and its strong management team to invest in value-add opportunities in the German residential market.”
-Riccardo Dallolio, Managing Director and Head of H.I.G. Realty in Europe
“The Berlin residential market continues to be a focal point for our European strategy, anchored by positive long-term fundamentals and an acute housing shortage. Through this transaction, we aim to actively support the future development of Ziegert Group, a household name in the Berlin and Leipzig residential markets, with a deep-rooted presence spanning many decades.”
-Stelios Theodosiou, Managing Director at H.I.G. Realty in Europe
