HSH Nordbank will be expanding its lending beyond Germany, to support existing clients on selective cross-border deals.
Following closure of the acquisition of the bank by new owners Cerberus and JC Flowers next month, HSH will target 10% of lending next year outside Germany.
In 2017 the Hamburg-based bank lent €4.7 bn in total.
Michael Windoffer, the bank’s head of real estate crossborder business (pictured), said: ‘Our strategy is to start with investment properties, typically that may be refurbished or have some lease up potential. We are looking at the Netherlands, Austria and France first. We will do business in the UK but we won’t rush in; it would have to be a really Brexit-proof deal.’
The bank has one Dutch retail financing provisionally agreed already.
