Germany's regional bank Helaba Landesbank Hessen-Thüringen said on Thursday that it will open two offices in Berlin and Munich in January and February this year. The decision is part of the company's strategy aimed at expanding its domestic real estate business.
Germany's regional bank Helaba Landesbank Hessen-Thüringen said on Thursday that it will open two offices in Berlin and Munich in January and February this year. The decision is part of the company's strategy aimed at expanding its domestic real estate business.
Johann Berger, responsible for Helaba's real estate business, said he also sees future potential in both investment centres. 'As real estate financier, we have established ourselves in the Greater Berlin and Munich areas over many years. Against this backdrop, the next logical step was the reinforcement of our presence there. That we are able to do this amid a difficult market phase shows that the course of our strategy is correct and the path we are following promises sustained success.'
The bank has appointed Harald Hoffmann as head of the new Berlin office. Hoffmann, who has more than 20 years of experience in commercial property financing, was previously responsible within the HVB Group for real estate business in eastern Germany. Christian Buck, formerly director at RBS and Eurohypo, was named head of the Munich office
Helaba focuses its real estate business on the Rhine-Main area, the conurbations of Berlin, Hamburg, Munich, Cologne and Düsseldorf, and also the Ruhr area. In commercial property financing, Helaba specialises in office and retail property and is currently servicing a portfolio of more than EUR 36 bn.
