German property financier HSH Nordbank has provided some EUR 90 mln to refinance a portfolio of around 20 commercial real estate assets in Hamburg owned by DIC Asset.
German property financier HSH Nordbank has provided some EUR 90 mln to refinance a portfolio of around 20 commercial real estate assets in Hamburg owned by DIC Asset.
‘This refinancing for DIC underscores our commitment to our core region of northern Germany. At the same time it demonstrates our ability to structure major loans,’ said Peter Axmann, head of HSH Nordbank’s real estate division.
Hamburg-based HSH Nordbank said at end-2011 that it planned to boost new lending by close to EUR 3 bn in 2012. The bank said it was withdrawing from international markets to focus more strongly on the German market, in particular northern Germany and the metropolitan regions.
HSH Nordbank’s total property financing amounted to around EUR 12 bn in 2011.
