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German bank Aareal has seen an increase in average gross margins of new loans underwritten during the second quarter of 2017, mainly driven by its expansion into the US market.
Helaba, the German Pfandbrief bank, has hired Christian Schmid from Aareal Bank to take over from Jurgen Fenk as its board member for real estate.
Alpha Real Trust has completed the refinancing of a facility secured against a shopping centre in Madrid with a new €65 million loan from German bank Aareal.
Germany’s Aareal Bank has bought a 20 percent stake in the London-based loan servicing firm Mount Street in a bid to support its real estate syndication activities.
Germany’s Aareal Bank has revised upward its real estate loan origination forecast for 2016 as well as its profit expectations following a strong third quarter.
German bank Aareal has increased its focus on US real estate lending, with around 40 percent of newly-originated loans so far this year written in the market.
Park Plaza hotels owner-operator PPHE Hotel Group has refinanced its six Dutch hotels and two more in London with long-standing lending partner Aareal Bank.
The two banks, which previously financed the 14-storey Defense Plaza in 2011, undertook the latest refinancing on behalf of the building’s owners, Northwood Investors and Beacon Capital Partners.
The volume of new lending by Aareal Bank’s structured property finance division during Q1 2016 was just half of the volume originated during the same period last year.

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