Tag Archives: Aareal Bank

Aareal Bank completes €350m WestImmo acquisition

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Aareal Bank Group has completed the acquisition of all of the shares of Westdeutsche ImmobilienBank AG (WestImmo) for €350m, acquiring a €4.3bn performing European commercial real estate loan book. This is Aareal’s second acquisition inside the last 15 months, after … Continue reading

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Aareal Bank closes €530m senior loan for NorthStar Realty’s SEB office portfolio

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Aareal Bank has closed the seven-year €530m senior financing for NorthStar Realty’s €1.1bn pan-European office portfolio acquisition. NorthStar Realty, which is spinning off around €1.8bn of real estate into a European-listed REIT, acquired the 11-strong office portfolio from SEB Asset … Continue reading

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Redefine progresses £200m of early refinancings with £90m Aareal Bank facility for UK hotel pool

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Redefine International has refinanced its seven-strong predominantly Holiday Inn UK portfolio with a £90.6m six-year senior loan with Aareal Bank, as part of a wider near £200m in early refinancings by the REIT which is seeking to capitalise on tightening … Continue reading

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Aareal Bank extends £300m to refi two UK Hilton hotels

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Aareal Bank has refinanced Metropole Hotel Holdings’ two Hilton Metropole Hotels with a £300m five-year senior loan. Metrople Hotel Holdings is part of the Tonstate Group, a real estate investment firm based in London with a diverse portfolio of retail, … Continue reading

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Suitors circle over resurrected sale of WestImmo property lending business

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Westdeutsche Immobilien (WestImmo), the legacy European real estate lender which spun into bad bank Erste Abwicklungsanstalt (EAA) after a failed sale two years ago, is in talks with at least two suitors seeking to prize the predominantly performing €11.8bn property … Continue reading

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Four lenders complete £450m Radisson Blu Edwardian and May Fair hotel refinancing

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Edwardian Group London, the family-owned Radisson Blu Edwardian and May Fair hotel business run by Jasminder Singh, has refinanced £450m of maturity debt across four ring-fenced bilateral loans across varying durations. MetLife, the US insurance lender, has extended the largest … Continue reading

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Aareal Bank to set new post-global crisis property lending tally this year

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Aareal Bank has raised its European annual property lending forecast for the second time within a year to in excess of €8bn, surpassing its 2011 post-global financial crisis record. Back in August, the German bank increased its lending target from … Continue reading

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Aareal Bank raises global property lending ambition for the year to €8bn

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Aareal Bank has increased its annual global real estate lending forecast for the year to up to €8bn, after closing €4.4bn in the first six months, including €3.3bn in Europe, driven by an expectation of increases transaction environment as liquidity … Continue reading

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Aareal closes €1.6bn CRE loans in Q1 and on track for 2013’s €7bn lending drive

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Aareal Bank Group extended €1.6bn in European property loans over the first quarter of the year, taking its global tally to €2bn, with the bank re-issuing its full year lending ambitions of up to €7bn. Aareal, which posted a first … Continue reading

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