H.I.G. Capital (H.I.G.) announces that one of its affiliates has invested in Ziegert Group GmbH (Ziegert Group). Proceeds will be primarily used to finance existing projects and strategic acquisitions.
Headquartered in Berlin, Ziegert Group currently manages over 100 prime, standing assets and a development portfolio of approximately 1,500 centrally located residential and commercial units in Berlin. Since its inception in 1985, the Group has successfully sold more than 20,000 residential units as a brokerage and later as a principal investor.
Riccardo Dallolio, Managing Director and Head of H.I.G. Realty in Europe, commented: “We believe that certain segments of the German residential market are at an inflexion 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.”
Stelios Theodosiou, Managing Director at H.I.G. Realty in Europe, said: “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.”
Image provided by FTI Consulting.
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