RSS

Aareal Bank

Hermann Merkens - Aareal Bank AG

Aareal Bank AG

Pressure is increasing on the top management at leading real estate lender Aareal Bank to sell off its software unit Aareon, as an activist investor in the bank pushes the bank to reverse its strategy and threatens to call an extraordinary general... Read more

Companies

Logistic business

© timstieffenhofer - Fotolia.com

The transaction volume in German logistics investment has fallen by a quarter in the first six months of the year, compared to last year, with €3.3bn being transacted for logistics properties (76.3%), production facilities and business parks... Read more

Markets

Commercial real estate

© dutchlight - Fotolia.com

More and more investors are willing to take on development risk, with project developments and forward deals surging in popularity, according to JLL’s New Business Report: Real Estate Financing, Germany, published this month. Read more

Investment

Christof Winkelmann - Aareal Bank

Aareal Bank AG

Among notable financings of the past month, pbb Deutsche Pfandbriefbank and HSH Nordbank lent German investor RFR Group more than €200m to refinance the 47-storey hotel and office asset WestendGate opposite the trade fair in Frankfurt. Read more

Investment

Aareal Bank in Wiesbaden

Aareal Bank AG

We mentioned in last month’s issue of REFIRE that the Wiesbaden-based real estate financier Aareal Bank was rumoured to be in discussions to buy the small Düsseldorfer Hypothekenbank, a commercial property lender which got into difficulties... Read more

Investment

Aareal Bank in Wiesbaden

Aareal Bank AG

The Wiesbaden-based property financier Aareal Bank boosted its new property lending in the first half of the year to €4.2bn, up from last year’s corresponding figure of €3.8bn. Read more

Companies

Aareal Bank in Wiesbaden

Aareal Bank AG

Real estate lending volumes are likely to fall further in Germany this year, according to Anke Herz, team leader, Debt Advisory JLL Germany. Read more

Companies

Sony Centre

© wavemovies - Fotolia.com

The recent mega-deal which saw Canadian pension fund Oxford Properties and Madison International buy the Sony Centre in Berlin from Korea's national pension fund for €1.1bn has now been financed by the buyers. They have closed a €625m loan... Read more

Investment

Aareal Bank

Aareal Bank AG

Fresh from the launch of its second US dollar Pfandbrief, Aareal Bank is eyeing further lending opportunities in the US, Alexander Kirsch, Director, Treasury - Capital Markets, at Aareal Bank, told REFIRE. Read more

Companies

Logistik Germany

© vege - Fotolia.com

German real estate lending volumes were a mixed bag in the 1H of 2017, in a sign that the market is becoming increasingly difficult to call. Read more

Markets

Financing

© Eisenhans - Fotolia.com

Among German real estate-related stocks showing strong stock market appreciation over the past twelve months is Munich-based financing bank pbb Deutsche Pfandbriefbank. The 'good bank' that emerged from the ashes of the collapsed Hypo Real Estate... Read more

Companies

Markus Kreuter - JLL

JLL

A new report on financing in Germany by property services advisor JLL shows that Germany's commercial property financiers increased their new business last year by 15% to €41.6bn. The study shows that all but one of the 13 financing banks lent... Read more

Markets

Real_Estate_Figures

J. M. Dodds

Increasing uncertainty in global markets mixed with creeping pessimism is putting the brakes on the lending market in Germany. Read more

Markets

Purse - Geldbörse

© Eisenhans - Fotolia.com

After a sluggish start to the year, German lenders are starting to loosen their purse strings again. Read more

Markets

Hermann Merkens - Aareal Bank AG

Aareal Bank AG

The Wiesbaden-based property financier Aareal Bank has taken a 20% stake in independent London-based loan servicer Mount Street to support Aareal's commercial credit and syndication processes. Read more

Companies

Sonja Wärntges - DIC Asset

DIC Asset

In another giant refinancing deal (see Invesco deal with Aareal Bank in this issue), the Frankfurt-listed DIC Asset AG has been granted a loan of €960m from Deutsche Hypothekenbank, Berlin Hyp and HSH Nordbank, which it will used to prematurely... Read more

Companies

Aareal Bank in Wiesbaden

Aareal Bank AG

German property financier Aareal Bank has raised its full-year forecasts on solid Q3 results, and said it expects to generate between €8bn and €9bn in new business this year, somewhat more than it had originally planned (up to €8bn), the bank said... Read more

Companies

Andy Rofe - Invesco Real Estate

Invesco Real Estate

In one of the biggest loan deals arranged in the real estate sector this year, the Wiesbaden-based Aareal Bank has agreed to provide US investment manager Invesco Real Estate a loan facility of up to €1bn over a 10-year period to help roll out its... Read more

Companies

Thomas Gross - Helaba

HELABA

There has been speculation for at least the last couple of years that the Frankfurt-based Helaba was looking to unload its property fund manager subsidiary Hannover Leasing. Now those plans are concrete, with Helaba announcing that it plans to... Read more

Companies

Andreas Arndt - pbb

Deutsche Pfandbriefbank AG

The steady decline of pbb Deutsche Pfandbriefbank's share price since its flotation a year ago is symptomatic of the problems being faced by the successor bank to Hypo Real Estate. Last week's second quarter figures show the corrosive effect of... Read more

Companies