Arrow Global’s German subsidiary has acquired the platform assets of the Ziegert Group, a residential real estate firm in Berlin that fell into insolvency this month.

The alternative asset manager said that the deal extends Arrow’s German real estate footprint to Berlin and strengthens 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 €450m (£385.2m).

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Additionally, Ziegert’s debt-brokerage arm will accelerate the build-out of Arrow’s real estate lending franchise, enabling the firm to offer a full suite of credit solutions in Germany including bridging, refurbishment, development exit, development finance, and bespoke lending solutions.

Ziegert has four decades of experience in German residential real estate and is currently managing projects with a gross development value of €1.3bn.

The deal follows Arrow’s 2024 acquisition of Interboden’s operating capabilities.

“Ziegert’s capabilities and presence give Arrow greater scale and investment reach in one of Europe’s most attractive residential markets,” said Zach Lewy, founder, chief executive, and chief investment officer at Arrow.

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“By combining Ziegert’s 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.”

Bernhard H. Hansen, chief executive of Arrow Global Germany, added: “With 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.”