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German Pfandbrief bank Helaba has seen a 14 percent year-on-year decline in its new medium and long-term real estate lending business, which stood at €4.2 billion in H1 2017.
Several of Germany’s largest specialist real estate banks either met lending targets during 2016 or surpassed the previous year’s origination totals.
Allianz has taken a €366 million participation in the €610 million loan which Aareal Bank recently provided to Invesco Real Estate.
Aareal Bank has confirmed that it has agreed a €610 million loan, with the ability to extend it to €1 billion, which Real Estate Capital recently reported will finance Invesco Real Estate's open-ended pan-European fund.
Aareal Bank is to provide a loan of as much as €650 million to global real estate investment manager Invesco Real Estate, in one of 2016’s largest European lending deals, Real Estate Capital has learned.
Pbb Deutsche Pfandbriefbank unveiled a record year for new real estate lending in 2015, writing €10.4 billion of new business and predicting a similar level in 2016.
Aareal Bank is targeting €7 billion - €8 billion of new lending business in 2016 after originating €9.6 billion in 2015, and also plans to step up loan distribution. The €9.6 billion lent last year is down on 2014‘s €10.7 billion, but it was substantially ahead of the bank’s target forecast of €6 billion - €7 billion.
Aareal Bank has provided a €129 million loan to finance Tristan Capital Partners’ recent acquisition of the Garden Tower building in Frankfurt’s banking district.
Benson Elliot and two investing partners have financed the acquisition of four European hotels with €215 million of senior debt from Aareal Bank. The private equity firm and its partners, Walton Street Capital and Algonquin, bought the assets in October from Host Hotels & Resorts as part of a €420 million deal involving eight hotels.
Pradera has secured a €163m facility from Aareal Bank to refinance assets in its Pradera European Retail fund (PERF). The loan will be allocated across seven shopping centres, six in Spain and one in Italy.

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