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.
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.