Patrimonium Middle Market Debt Fund, a private debt fund of Patrimonium Asset Management AG (“Patrimonium”) focused on middle market companies, provides debt financing to ZIEGERT Group Holding GmbH (“ZIEGERT Group”) for the further growth of the company.
ZIEGERT Group is a leading integrated real estate company, active for almost 40 years in the central fields of the real estate industry: from land acquisition and real estate development to individual financing advice and the marketing and management of residential and commercial properties on the scale of entire city districts. The company, with locations in Berlin and Leipzig, is jointly managed by founder Nikolaus Ziegert and CEO Kyrill Radev.
By developing sustainable approaches to real estate construction, ZIEGERT Group is pioneering the market for ESG real estate. The newly developed residential quarter Kokoni One serves as a prime example of a successful, decentralised energy supply and illustrates how the energy turnaround can succeed in the real estate sector. In order to further promote these developments and innovative concepts in new construction, Patrimonium supports them with an interest rate in the loan agreement that is aligned with ESG criteria.
Johannes von Neumann-Cosel, Director Patrimonium Private Debt comments: “ZIEGERT Group has been developing innovative solutions in the German real estate sector for almost 40 years and therefore continues to set new standards in real estate development, financing, marketing and management. The integration of ESG criteria in loan documentation reflects the next step on this path.”
Kyrill Radev, CEO ZIEGERT Group: “Further development and innovation are in the DNA of the Ziegert Group. We will invest the fresh capital in new projects to continue our growth trajectory. We are pleased to have Patrimonium as a strong partner to support our ambitions.”
Patrimonium was advised on the transaction by Ashurst LLP (Dr Tobias Krug and Alexandra Heitmann). ZIEGERT Group was advised by Taylor Wessing LLP (Dr Jens Wiesner and Dr Peter Seemann). Roland Berger GmbH (Markus Held and Christian J. Ruppert) acted as intermediary.