H.I.G. said to invest €50m in German property developer Ziegert

H.I.G. Capital has plans to invest €50 million ($55 million) into Berlin-based property developer Ziegert.

Bloomberg reported the investment to be approximately €50 million ($55 million).

Headquartered in Berlin, the group currently manages more than 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, said, “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.”

Stelios Theodosiou, managing director at H.I.G.