H.I.G. Capital is injecting €50 million ($55 million) into Berlin-based property developer Ziegert, according to people familiar with the matter, one of the first such deals in the sector since a slump caused by a sharp rise in construction costs and drop in demand.
Germany’s property market is reeling from the end of the cheap-money era that pushed a slew of developers into insolvency or debt restructuring. While some investors have picked up property assets out of bankruptcy, there have been few investments into healthy firms in the sector.
Read More: Germany’s Property Meltdown Claims Its First Big Victims ...
