H.I.G. Realty Becomes Majority Stakeholder in The Grounds, Leading German Real Estate Developer
H.I.G. Capital, renowned as a global alternative investment firm managing $67 billion in capital, has made headlines with its recent acquisition. Their affiliate successfully subscribed to a rights issuance, thus securing a controlling interest in The Grounds Real Estate Development AG (TGD), a prominent German real estate developer with significant operations in the Greater Berlin area.
Founded in 2007, TGD boasts an impressive portfolio that includes a variety of residential properties, consisting of permanent assets, ongoing developments, and an extensive land bank in the Greater Berlin region. The firm focuses on creating high-quality residential developments that cater to the evolving needs of Berlin's residents, actively addressing the demands of this dynamic urban environment.
With this strategic investment, TGD is positioned to expand its operations, enhance its current offerings, and ensure sustainable growth within the competitive real estate market. Furthermore, this development allows TGD to seize attractive buying opportunities aimed at alleviating the critical shortage of quality housing in Berlin.
Riccardo Dallolio, General Partner and head of H.I.G. Realty in Europe, expressed enthusiasm for the investment, stating that it provides exceptional access to the German residential market, enabling them to capitalize on value-added opportunities at a pivotal moment in the market cycle. This sentiment was echoed by Stelios Theodosiou, General Partner of H.I.G. Realty in Europe, who emphasized the company's belief in the enduring value of the German residential sector and their eagerness to partner with TGD's management team to cultivate a shared vision and exploit the long-term potential of the market.
H.I.G. Capital, headquartered in Miami, showcases a substantial footprint with offices spread across the United States and internationally. They specialize in providing equity and debt capital to mid-market companies, adopting a flexible and operationally-focused approach that adds value across a range of sectors. The firm's investment initiatives include managing buyouts, recapitalizations, and divestitures, particularly within manufacturing and service industries.
The firm is also committed to real estate investments, focusing on properties that present value-added opportunities, leveraging improved asset management practices for enhanced returns. H.I.G. Infrastructure then pivots towards infrastructure investments, emphasizing value-added and 'core plus' strategies.
Since its inception in 1993, H.I.G. has amassed a wealth of experience, having invested in over 400 companies worldwide. Their diverse portfolio features more than 100 companies with a cumulative revenue exceeding $53 billion, signifying their robust presence and influence in the investment landscape. For more insights, visit H.I.G.'s website at hig.com.
The announcement of H.I.G.'s acquisition of The Grounds underscores a significant step not only for H.I.G. and TGD but for the German real estate market as a whole, highlighting strategic expansions that address current housing challenges. Through this acquisition, H.I.G. Realty reinforces its footprint in a vital market segment, fostering growth and innovation that aligns with contemporary housing demands.
Founded in 2007, TGD boasts an impressive portfolio that includes a variety of residential properties, consisting of permanent assets, ongoing developments, and an extensive land bank in the Greater Berlin region. The firm focuses on creating high-quality residential developments that cater to the evolving needs of Berlin's residents, actively addressing the demands of this dynamic urban environment.
With this strategic investment, TGD is positioned to expand its operations, enhance its current offerings, and ensure sustainable growth within the competitive real estate market. Furthermore, this development allows TGD to seize attractive buying opportunities aimed at alleviating the critical shortage of quality housing in Berlin.
Riccardo Dallolio, General Partner and head of H.I.G. Realty in Europe, expressed enthusiasm for the investment, stating that it provides exceptional access to the German residential market, enabling them to capitalize on value-added opportunities at a pivotal moment in the market cycle. This sentiment was echoed by Stelios Theodosiou, General Partner of H.I.G. Realty in Europe, who emphasized the company's belief in the enduring value of the German residential sector and their eagerness to partner with TGD's management team to cultivate a shared vision and exploit the long-term potential of the market.
H.I.G. Capital, headquartered in Miami, showcases a substantial footprint with offices spread across the United States and internationally. They specialize in providing equity and debt capital to mid-market companies, adopting a flexible and operationally-focused approach that adds value across a range of sectors. The firm's investment initiatives include managing buyouts, recapitalizations, and divestitures, particularly within manufacturing and service industries.
The firm is also committed to real estate investments, focusing on properties that present value-added opportunities, leveraging improved asset management practices for enhanced returns. H.I.G. Infrastructure then pivots towards infrastructure investments, emphasizing value-added and 'core plus' strategies.
Since its inception in 1993, H.I.G. has amassed a wealth of experience, having invested in over 400 companies worldwide. Their diverse portfolio features more than 100 companies with a cumulative revenue exceeding $53 billion, signifying their robust presence and influence in the investment landscape. For more insights, visit H.I.G.'s website at hig.com.
The announcement of H.I.G.'s acquisition of The Grounds underscores a significant step not only for H.I.G. and TGD but for the German real estate market as a whole, highlighting strategic expansions that address current housing challenges. Through this acquisition, H.I.G. Realty reinforces its footprint in a vital market segment, fostering growth and innovation that aligns with contemporary housing demands.
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