Germany's Helaba has appointed Norbert Kellner to work with Wolfgang Hild in Frankfurt to lead syndication and placement for the bank’s real estate finance activities.
Germany's Helaba has appointed Norbert Kellner to work with Wolfgang Hild in Frankfurt to lead syndication and placement for the bank’s real estate finance activities.
The appointment took effect from 1 June.
Kellner has been active in national and international syndication for many years.
In a statement, Helaba said that the appointment reflected growing interest from investors - particularly insurance companies and funds - in loans as a type of investment.
The lender intends to further develop real estate finance with the savings banks in Germany.
Real estate finance is a core business area for the bank, which in 2012 achieved a new business volume of more than €7 bn. Assuming transaction volumes in target markets grow again, Helaba envisages reaching a similar level of new business this year.
