H.I.G. Said to Invest €50m in German Property Developer Ziegert

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.

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