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HSH Nordbank

HSH Nordbank

HSH Nordbank

Despite muted sentiment among German lenders following lackluster growth in the German economy last year, some sizeable loans have been dished out this month. Read more

Markets

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

Peter Axmann - HSH Nordbank

HSH Nordbank AG

While the challenges facing investors in Germany’s retail real estate market remain real, market participants are adapting to the new environment, and developing new strategies to compete in a world of greater digitization and changing structures. Read more

Investment

Berlin Hyp

Berlin Hyp AG

The listed, Frankfurt-based Gateway Real Estate inked a deal earlier this month to buy a portfolio of 21 commercial properties with about 100,000 sqm of lettable space from US alternative investment firm Värde Partners. The deal ... Read more

Investment

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

Stefan Ermisch - HSH Nordbank

HSH Nordbank

It now looks certain that ailing state-owned HSH Nordbank will be bought by US private equity firms Cerberus and JC Flowers, and a deal could be announced as early as this week, according to local business reports in Hamburg. Read more

Companies

HSH Nordbank

HSH Nordbank

It's down to just two contenders to buy the ailing state-owned HSH Nordbank as the protracted bidding process heads into its final phase, with the bank agreeing to exclusive talks with potential buyers J.C. Flowers and Cerberus in a joint bid. Read more

Companies

Stefan Ermisch - HSH Nordbank

HSH Nordbank

The highest bid from the three remaining bidders for the troubled Kiel- and Hamburg-headquartered HSH Nordbank is coming in at about €200m, according to a recent report in the Wall Street Journal. Following an EU decree... Read more

Companies

Stefan Ermisch - HSH Nordbank

HSH Nordbank

The majority owners of German lender HSH Nordbank, the federal states of Hamburg and Schleswig-Holstein, have received ‘several binding bids’ for the bank by the deadline of 27 October, they announced this weekend. Read more

Companies

Stefan Ermisch - HSH Nordbank

HSH Nordbank

Mid-sized northern German Landesbank HSH Nordbank made a further significant step towards cleaning up its balance sheet by selling off €1.64bn of legacy loans, as part of its mission to ready itself for new ownership as decreed by the EU following... 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

Johannes Meran CEO

Andi Bruckner

The listed, Berlin-based commercial property investor GxP German Properties AG is the new owner of the so-called Thor Portfolio, consisting of eight office properties across Germany. The seller is the Orion European Real Estate Fnd IV from Orion... Read more

Companies

Volker Oehls - Situs

Situs Holdings

The deal had been brewing for several months and had been well flagged by the major players involved, but loan servicing and NPL loan management firm Situs has now bought competing debt advisory group Hatfield Philips International (HPI) from... Read more

Companies

Constantin Sepmeier - Accom

ACCOM GMBH & CO. KG

Global alternative investment firm Värde Partners and German family-owned real estate investment company Accom GmbH have taken over the German portfolio of Stuttgart-based balandis real estate ag, in a move which broadens Värde's footprint... Read more

Companies

Aydin Karaduman - Bilfinger

Bilfinger Real Estate Germany

The Frankfurt-based listed German property firm DIC Asset has raised its acquisition target for its fund business to €500m from its earlier €400m to €450m, and said it had already invested over €300m this year so far. Read more

Investment

Loan portfolio

© Tomasz Zajda - Fotolia.com

London-based Hatfield Philips International (HPI) gained the mandate for the servicing and workout of a big German loan portfolio, one of only a few such portfolios sold so far this year. The portfolio was sold by a German financial institution in... Read more

Companies

Peter Axmann - HSH Nordbank

HSH Nordbank AG

A higher-than-expected level of early repayments forced the hand of property lender HSH Nordbank in 2015, which saw it raising its level of new business last year from the budgeted €3.6bn to €4.5bn. Read more

Companies

Ali Otmar - Tristan Capital Partners

Tristan Capital Partners

The EPISO 3 Opportunity Fund managed by London-based real estate manager Tristan Capital Partners has bought the landmark Barthonia Forum mixed-use estate in Cologne for €110m in a joint venture with Luxembourg-based developer and manager Freo. Read more

Investment

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

Money

© grafikplusfoto - Fotolia.com

Pan-European real estate investment manager Tristan Capital Partners has bought a portfolio of 14 mixed-use buildings mainly in Berlin from funds managed by Germany’s DG Anlage Gesellschaft for €117.5m. Read more

Investment