DGAP-News: Aareal Bank AG / Key word(s): Financing/Real Estate
Aareal Bank and Allianz Real Estate cooperate in high-volume
syndicated loan
27.07.2015 / 11:32
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Aareal Bank and Allianz Real Estate cooperate in high-volume syndicated
loan
Wiesbaden, 27 July 2015 - Allianz Real Estate participated in a high-volume
financing of a pan-European office property portfolio arranged and
underwritten by Aareal Bank. The share of Allianz Real Estate in this
senior financing (totalling EUR 630 million) amounts to EUR 365 million.
The borrower is NorthStar Realty Finance Corp. who acquired the portfolio
with a total value of EUR 1.1 billion. Aareal Bank acted as Arranger, Agent
and Sole Underwriter for this facility, as already reported in its press
release dated 17 April 2015.*
The transaction is one of the largest syndicated loans agreed between banks
and institutional investors in Europe and one of the largest financings
provided by a German insurance company in this market to date. For Allianz
Real Estate, this is the first time that they are financing a cross-border,
pan-European portfolio with tranches in various currencies.
The portfolio with a gross leasable area of around 186,000 square meters is
comprised of eleven office buildings in major cities of seven European
countries, namely in Belgium (Brussels), Germany (Hamburg), France (Paris),
the United Kingdom (London), Italy (Milan), Netherlands (Amsterdam and
Rotterdam), and Sweden (Gothenburg). All buildings benefit from a very good
tenant mix.
Both syndicate partners were highly pleased with the transaction which was
completed quickly and smoothly, thanks to the professional cooperation of
all parties involved.
"This syndication is another milestone in Aareal Bank's cooperation with
leading insurance companies such as Allianz. At the same time, it reflects
our aim to win over and establish institutional investors as syndicate
partners, alongside banks," declared Christian Schmid, Managing Director,
Business and Syndication Management at Aareal Bank.
Roland Fuchs, Head of European Real Estate at Allianz Real Estate GmbH
said: "Investing into this high-volume, pan-European facility is in line
with the growth and diversification strategy of European Allianz companies
in the property sector. Our cooperation with Aareal Bank has been
successful, in particular with regard to structuring and documentation
requirements specific to the insurance industry."
* Note to editorial offices: Further information on the financing is
available in the Aareal Bank press release dated 17 April 2015:
http://www.aareal-bank.com/en/media-relations/press-information/archive/20
15/
Aareal Bank Group
Aareal Bank Group, headquartered in Wiesbaden, Germany, is one of the
leading international property specialists. It is active across three
continents - in Europe, North America and Asia. Aareal Bank AG, whose
shares are included in Deutsche Börse's MDAX index, is the Group's parent
entity. It manages the various entities organised in the Group's two
business segments: Structured Property Financing and Consulting/Services.
The Structured Property Financing segment encompasses all of Aareal Bank
Group's property financing and funding activities. In this segment, the
Bank facilitates property investment projects for its domestic and
international clients, within the framework of a three-continent strategy
covering Europe, North America and Asia. In the Consulting/Services
segment, Aareal Bank Group offers clients - particularly from the housing
industry and the commercial property sector - services and products for
managing residential property portfolios and processing payment flows.
Contact:
Aareal Bank AG
Corporate Communications
Sven Korndörffer
Phone: +49 611 348 2306
sven.korndoerffer@aareal-bank.com
Christian Feldbrügge
Phone: +49 611 348 2280
christian.feldbruegge@aareal-bank.com
Jorge Person
Phone: +49 611 348 3217
jorge.person@aareal-bank.com
Alessandro Schwarz
Phone: +49 611 348 2923
alessandro.schwarz@aareal-bank.com
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Aareal Bank AG,
Registered Office: Wiesbaden
Commercial Register: Amtsgericht Wiesbaden HRB 13184
Chairman of the Supervisory Board: Marija Korsch
Management Board: Dr. Wolf Schumacher (Chairman), Hermann J. Merkens
(Deputy Chairman), Dagmar Knopek, Thomas Ortmanns
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27.07.2015 Dissemination of a Corporate News, transmitted by DGAP - a
service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.
The DGAP Distribution Services include Regulatory Announcements,
Financial/Corporate News and Press Releases.
Media archive at www.dgap-medientreff.de and www.dgap.de
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Language: English
Company: Aareal Bank AG
Paulinenstr.15
65189 Wiesbaden
Germany
Phone: +49 (0)611 348 - 0
Fax: +49 (0)611 348 - 2332
E-mail: aareal@aareal-bank.com
Internet: www.aareal-bank.com
ISIN: DE0005408116
WKN: 540811
Indices: MDAX
Listed: Regulated Market in Frankfurt (Prime Standard); Regulated
Unofficial Market in Berlin, Dusseldorf, Hamburg, Munich,
Stuttgart; Stockholm
End of News DGAP News-Service
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381047 27.07.2015
DGAP-News: Aareal Bank and Allianz Real Estate cooperate in high-volume syndicated loan
| Source: EQS Group AG