Arrow Global has acquired the platform assets of the Ziegert Group, a residential real estate company in Berlin that fell into insolvency this month.
Through its German business, the alternative asset manager has invested an unspecified amount to extend its German real estate footprint to Berlin and strengthen its ability to deliver brokerage, servicing, and investment opportunities across the region.
The acquisition allows Arrow Germany to invest in multiple real estate projects, including high-end residential developments with a gross development value of 鈧�450m.
This latest deal builds on Arrow鈥檚 2024 acquisition of Interboden鈥檚 operating capabilities.
Ziegert was founded in 1985 and currently manages projects with a gross development value approaching 鈧�1.3bn.
Zach Lewy, founder, CEO, and chief investment officer at Arrow Global, said: 鈥淶iegert鈥檚 capabilities and presence give Arrow greater scale and investment reach in one of Europe鈥檚 most attractive residential markets.
鈥淏y combining Ziegert鈥檚 brokerage expertise with our discretionary fund capital, we will accelerate the provision of a full suite of real estate lending products across Germany, further enhancing our ability to originate, reposition, and actively manage real estate assets at institutional scale.鈥�
Bernhard H. Hansen, CEO of Arrow Global Germany, added: 鈥淲ith a strong network in the German residential market, Ziegert provides an immediate opportunity to grow our platform in a highly investable sector. The addition of its sales and debt-brokerage teams broadens our capabilities and supports our lending ambitions.鈥�
To read the latest 91传媒在线 magazine click here.
