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Eurohypo

Commerzbank AG

© Sabine Kipus - Fotolia.com

Samsung SRA Asset Management, a consortium of financial divisions of South Korea's Samsung Group, was named last week as the preferred bidder to take over Germany's Commerzbank's headquarters in Frankfurt, the tallest office building in Europe. Read more

Investment

Boris Hardi - Oaktree

Boris Hardi

US private equity investor Oaktree has launched a new offensive to sell off large chunks of its German property holdings. Read more

Companies

Banks in Frankfurt Skyline

© Michael Schütze - Fotolia.com

A new report issued by property advisors JLL shows that German banks boosted their commercial real estate lending in 2014 by 11% to 37bn last year, and are anticipating about the same or slightly higher volumes this year. The JLL study, which surveye Read more

Markets

Gifford West

REFIRE - Florian Glock

One of the livelier sessions at the recent Real Estate Capital Germany Forum 2015 held at the Kempinski Hotel outside Frankfurt last week, and attended by REFIRE, was a panel session entitled NPLs: A European Perspective. Read more

Markets

Andreas Muschter - Commerz Real AG

Commerz Real AG

Commerzbank, Germany’s second largest bank, is continuing to slash its commercial property loan book, selling off €16bn of loan exposure last year to stand at a current €20bn. The bank plans to reduce this further to €11bn through 2016. Read more

Companies

Commerzbank AG

© Sabine Kipus - Fotolia.com

Commerzbank is wasting little time in implementing its strategy to divest itself of poorly-performing or low margin businesses, shedding staff, and refocusing on private clients and ‘mittelstand’ companies. Read more

Companies

Commerzbank AG

Commerzbank AG

Germany’s second largest bank Commerzbank has been more in the headlines recently for losing in its attempt to overturn a London High Court order, compelling it to pay out more than €50m in bonuses to its ex-Dresdner Kleinwort staff after a protracte Read more

Companies

The Wiesbaden-based Aareal Bank posted operating profits for the full year of 2012 down 5% to € 176m fro the previous year’s €1 85m, which it says was largely due to an extremely conservative lending policy, which saw it parking much of its... Read more

Companies

Aareal

Aareal

The Wiesbaden-based Aareal Bank saw its profit in the second quarter climbing by 12% as the bank said it benefited by picking up clients from previous lenders Eurohypo and Westimmo, both of whom are now being wound down by their respective owners. Read more

Companies