Global alternative investment firm HIG Realty has invested in Germany's Ziegert Group via one of its affiliates.
The fully-integrated German real estate platform has a long-standing presence in the Berlin and Leipzig markets. Proceeds will be primarily used to finance existing projects and strategic acquisitions.
Headquartered 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. 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 HIG Realty in Europe, commented: '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 HIG 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.'
