Tag Archives: HSH Nordbank

HSH Nordbank eyes autumn resolution over potential €15bn NPL bad bank

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HSH Nordbank is hoping for clarification this autumn over its year-long request to transfer the bulk, or all, of its remaining €15bn of non-performing loans (NPLs) into a State-owned bad bank. Germany’s federal states of Hamburg and Schleswig Holstein, which … Continue reading

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Sunrise Properties finances former Treveria German retail portfolio with HSH Nordbank

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Sunrise Properties, an investment vehicle separately owned by the co-founders of CR Investment Management, has completed the €360m purchase of the Sunrise portfolio, financed by a three-year whole loan from HSH Nordbank at circa 80% loan-to-cost. CoStar News broke the … Continue reading

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Evans Randall secures €182.5m whole loan refi from Allianz and DRC Capital’s ERED II

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Evans Randall has secured a seven-year €182.5m whole loan to refinance the Königsbau Passagen shopping centre in Stuttgart with a Allianz and European Real Estate Debt (ERED) II, the listed mezzanine fund managed by DRC Capital. Allianz’s €145m senior loan … Continue reading

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L&G and RBS refinance GIC and Unite’s JV with £226m in senior loans

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Legal & General and Royal Bank of Scotland have refinanced the Unite Capital Cities joint venture (UCC) portfolio of 14 student accommodation properties with £226m in separate tranches and durations. UCC, the 70-30 joint venture between Singapore’s GIC Real Estate … Continue reading

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HSH finances Frankonia’s Andreas Quarter scheme with €131m development loan

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HSH Nordbank, the German pfandbrief bank, has provided a €131m development loan to Frankonia Eurobau for the refurbishment of a 100-year old listed building Düsseldorf’s old town into a modern, mixed-use €300m scheme dubbed Andreas Quarter. The development loan LTV … Continue reading

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Deutsche Wohnen finances BauBeCon €1.24bn buy with €800m from four banks

Deutsche Wohnen, the German listed residential property company, is financing its €1.235bn acquisition of the 23,500-strong BauBeCon portfolio from Barclays with separate senior debt facilities from four banks worth just under €800m combined. CoStar News understands Deutsche Pfandbriefbank (PBB), LBBW, … Continue reading

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Cerberus to close Speymill deal this week financed by legacy debt restucture

Cerberus Capital Management will close the purchase of bankrupt Speymill Deutsche Immobilien Company’s (SDIC) 22,000-strong German multi-family portfolio by the end of this week, financed by a restructuring of €985m of legacy debt. CoStar News reported one month ago that … Continue reading

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