The Grounds Becomes Key Asset for H.I.G. Capital With New Investment

H.I.G. Capital, a major global private investment firm, announced that it has acquired a majority stake in The Grounds Real Estate Development AG, a prominent German real estate developer based in Berlin. This transaction was finalized through a rights issue, providing H.I.G. with increased exposure to the German residential market. The Grounds, founded in 2007, manages a diverse portfolio of residential properties in the Greater Berlin area, where it focuses on high-quality residential developments. The investment will allow The Grounds to expand its reach, improve current offerings, and seize attractive acquisition opportunities to address Berlin's housing shortage. Key figures of H.I.G. in Europe, Riccardo Dallolio and Stelios Theodosiou, emphasized the strategic value of this acquisition at a pivotal moment in the real estate cycle, expressing commitment to working alongside The Grounds' management team to harness the sector's long-term potential. H.I.G. Capital, headquartered in Miami, manages over $67 billion in capital with a diverse portfolio exceeding $53 billion in cumulative revenue, illustrating its robust investment capabilities across sectors, including real estate.