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.
Despite challenging market conditions, a diverse array of organisations continues to provide finance to the European property sector. Real Estate Capital’s roll call of the most active lenders in European property finance today once again demonstrates the weight of capital available in the market.
Pbb Deutsche Pfandbriefbank (pbb), Helaba and ING Real Estate Finance have provided a €163.6 million loan to refinance three shopping centres in Poland.
Helaba has provided an €86 million loan to Frankfurt-based investor and asset manager Kintyre Investments to refinance a shopping centre in the German city of Oberhausen.
German landesbank Helaba has formally opened a representative office in Stockholm as it aims to capture more business in the Nordic region.
German landesbank Helaba wrote €4.9 billion of new business through its real estate segment during the first half of 2016, a drop of 6 percent from the same period last year.
A club of six international banks has agreed to provide around £500 million of development funding for Brookfield Property Partners’ 100 Bishopsgate tower in a major post-Brexit City of London financing.
Helaba has hired Swedish real estate banker Pontus Sundin to head its Stockholm office amid a drive to increase its lending activity in the Nordic region.
HSBC has confirmed it has syndicated a large part of the circa €800 million Potsdamer Platz loan it underwrote for Brookfield, to a group of banks and an insurance company.