Germany

Patrizia turns Euro heavyweight with purchase of Rockspring

Patrizia’s supersonic year of growth finishes with the €7.8 billion capture of the London-based pan-Europe-focused private equity real estate firm.

Pbb provides €140m for German residential scheme

German bank pbb Deutsche Pfandbriefbank has provided a €140 million loan to local developer Gerchgroup to fund a land acquisition in Cologne, Germany.

The benefits of German banking consolidation

Deutsche Hypo’s purchase by one of its rival real estate lenders could prove a canny move.

German banks ‘bid for Deutsche Hypo’

LBBW, Aareal and pbb have reportedly submitted offers to buy the German mortgage bank, with a final decision on its sale due in January.

Residential finance: The European opportunity

Continental European markets offer developers and lenders opportunities to back residential projects.

Emerging trends: Debt tap remains on

Real estate professionals across Europe expect debt to remain liquid into 2018, amid a riskier market, reports Doug Morrison

Pbb backs wealthy private investor with €112m loan

German bank Pbb Deutsche Pfandbriefbank has financed a development in Munich’s city centre, with a €112 million loan provided to the Brecht-Bergen family.

Deutsche Hypo raises €500m in green bond debut

German bank Deutsche Hypo has placed its first ‘green’ Pfandbrief, raising €500 million through the issue of a six-year bond with a coupon of 0.125 percent.

Three banks finance Berlin’s Sony Center with €625m loan

One of the largest European real estate deals this year has been financed by LBBW, ING Real Estate Finance and pbb Deutsche Pfandbriefbank with a €625 million loan.

Pbb’s new lending up 9.5% despite tighter margins

Pbb Deutsche Pfandbriefbank has posted a 9.5 percent year-on-year increase in new business to the end of September 2017, totalling €6.9 billion of lending.