German banks pbb Deutsche Pfandbriefbank and Helaba have provided a €67.2 million loan to CBRE Global Investors’ European Shopping Centre Fund II.
Belgian developer Ghelamco has sourced a €370 million senior loan from a trio of German banks to refinance the Warsaw Spire office complex, located in the Polish capital.
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.
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.
Helaba and pbb Deutsche Pfandbriefbank have provided a €177 million loan to developer and investor CTP for the refinancing of CTPark Bor, one of the Czech Republic's largest logistic parks.
Central and eastern Europe-focussed investor CPI Property Group has sourced a €440 million financing of a portfolio purchase which covers retail assets across the Czech Republic, Poland, Hungary and Romania.
Several of Germany’s largest specialist real estate banks either met lending targets during 2016 or surpassed the previous year’s origination totals.
Pbb Deutsche Pfandbriefbank and Helaba have written a €225 million loan to refinance debt secured by a 13-strong mixed-use portfolio in the Netherlands.
Jürgen Fenk, one of the best-respected real estate finance leaders in Germany, is to leave his position on Helaba’s board of managing directors next September to pursue other roles in real estate.
German residential property company the BUWOG Group has agreed a €550 million refinancing of a 2014 loan with existing lenders Berlin Hyp and Helaba, at a margin of 105 basis points, a 60bps reduction.