Tag Archives: Deutsche Pfandbriefbank

PBB expects new CRE lending to top €10bn in 2016 although warns of pressure to margins and funding costs

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Deutsche Pfandbriefbank (PBB) reported a 16% rise in real estate lending to €10.4bn in 2015, a level the bank expects to match in 2016, despite warning of further margin compression and potential increases to its funding costs. PBB’s overall group … Continue reading

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Cerberus refinances three German retail assets from Project Phoenix with €63m PBB loan

Cerberus Capital Management has refinanced three retail properties in Germany acquired three years ago from Wells Fargo with a €63m senior loan from Deutsche Pfandbriefbank (PBB), the recently re-privatised German bank said in a statement. Cerberus acquired the value-add retail-led … Continue reading

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Clearbell closes £50.75m Stephenson portfolio financed with £23.75m PBB loan

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Clearbell Capital has completed the £50.75m acquisition of the Stephenson portfolio from Stirling Investments, financed with a £23.75m five year senior loan from Deutsche Pfandbriefbank (PBB). The portfolio, which has been renamed by Clearbell as the Polaris portfolio, is comprised … Continue reading

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Deutsche Pfandbriefbank’s top 10 shareholders subscribe to 50% of Project Triple One IPO shares

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Deutsche Pfandbriefbank (PBB) listed on the Frankfurt Stock Exchange this morning after 80% of ordinary shares were sold at the bottom end of the price range raising €1.156bn in gross proceeds, in the long-awaited re-privatisation of the real estate and … Continue reading

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Deutsche Pfandbriefbank shrugs off Greece macro concerns to begin share placing

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The Federal Agency for Financial Market Stabilisation (FMSA), the owner of Hypo Real Estate Holding AG (HRE), which itself owns Deutsche Pfandbriefbank (PBB), has shaken off concerns around investor sentiment related to the ongoing Greece crisis to press ahead with … Continue reading

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Deutsche Pfandbriefbank to place 75% of share capital via IPO in July

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Deutsche Pfandbriefbank (PBB), the European commercial real estate bank spun out of the State-rescued Hypo Real Estate, has secured approval from the German Financial Markets Stabilisation Agency (FMSA) to return to the private sector through an initial public offering (IPO) … Continue reading

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Lone Star buys c.€185m CEE Aviva portfolio with €120m PBB and UniCredit loan

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Lone Star has acquired a 10-strong pan-European mixed-use real estate portfolio for around €185m from Aviva Investors, financed with a €120m loan from Deutsche Pfandbriefbank (PBB) and UniCredit Bank Austria AG. PBB and Unicredit took a 50:50 participation in the … Continue reading

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PBB’s Q1 CRE lending soars to €2.7bn although CEO admits to margin pressures

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Deutsche Pfandbriefbank (PBB) confirmed commercial real estate finance new business of €2.7bn in the first quarter, more than double the €1.6bn achieved in the same quarter last year and a new first quarter record, although the bank admitted to increased … Continue reading

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Starting gun fired for sale or IPO of Deutsche Pfandbriefbank

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The sale process of Deutsche Pfandbriefbank (PBB) has officially started after Hypo Real Estate Holding (HRE), the German government-owned parent company, announced the initiation of a two-track re-privatisation strategy today. HRE has appointed Citigroup and Deutsche Bank as financial advisors … Continue reading

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