ISIN:DE0005408116

EQS-News: Aareal Bank launches dedicated team for alternative living financing

Retrieved on: 
Donnerstag, September 28, 2023
University, Aareal Bank, Student, Housing, PBSA, Attention, Real estate

Wiesbaden, 28 September 2023 – Responding to rising demand and the growing importance of alternative living concepts, Aareal Bank will launch a dedicated department “Alternative Living”.

Key Points: 
  • Wiesbaden, 28 September 2023 – Responding to rising demand and the growing importance of alternative living concepts, Aareal Bank will launch a dedicated department “Alternative Living”.
  • The new team will be headed by Benjamin Walter, who will join Aareal Bank from Union Investment Real Estate GmbH on 1 October 2023.
  • He now returns to Aareal Bank, having worked in various roles in the Bank’s hotel financing team between 2006 and 2019.
  • Aareal Bank has been offering financing for student housing (PBSA) and co-living properties for some time, and is one of the leading European lenders in this area.

EQS-News: Hermann Wagner will hand over Chairmanship of Supervisory Board to Jean Pierre Mustier

Retrieved on: 
Donnerstag, August 10, 2023
Asset management, Investment banking, Aareal Bank, European Banking Federation, Audit committee, Public sector banks in India, Supervisory board, AGM, ECB, Corporation, Private banking, Pierre, CIB, Security (finance), Pension fund, Property management, UniCredit

Supervisory Board elects Jean Pierre Mustier as Chairman, Hermann Wagner secures orderly transition

Key Points: 
  • Supervisory Board elects Jean Pierre Mustier as Chairman, Hermann Wagner secures orderly transition
    Wagner: “It has been a privilege chairing Aareal Bank’s Supervisory Board and I am pleased the Supervisory Board elected Jean Pierre Mustier as my successor.
  • His wealth of experience will enormously benefit the Group.”
    Wiesbaden, 10 August 2023 – In its first constituent meeting, Jean Pierre Mustier was elected as Chairman to the Supervisory Board.
  • Until then, Prof. Dr. Hermann Wagner will remain the Chairman of the Supervisory Board.
  • It has been a privilege chairing Aareal Bank and I am pleased the Supervisory Board elected Jean Pierre Mustier as my successor.

EQS-News: Annual General Meeting of Aareal Bank AG elects Jean Pierre Mustier to the Supervisory Board

Retrieved on: 
Donnerstag, August 10, 2023
Asset management, Investment banking, European Banking Federation, Annual, Public sector banks in India, Supervisory board, Chairperson, Annual general meeting, Corporation, Vulnerability and Risk Committee, Private banking, Bank, Pierre, CIB, Pension fund, UniCredit

Hermann Wagner: "I am delighted to welcome Jean Pierre Mustier to the Supervisory Board.

Key Points: 
  • Hermann Wagner: "I am delighted to welcome Jean Pierre Mustier to the Supervisory Board.
  • Wiesbaden, 10 August 2023 – At today's virtual ordinary Annual General Meeting, Aareal Bank AG's shareholders elected Jean Pierre Mustier to the Supervisory Board.
  • He succeeds Sylvia Seignette, who had been a member of the Supervisory Board since 2015 and whose regular term of office ended with the 2023 Annual General Meeting.
  • Prof. Dr Hermann Wagner said: "I am delighted to welcome Jean Pierre Mustier to the Supervisory Board.

EQS-News: Aareal Bank: Strong earnings growth offsets non-recurring burdens and higher loss allowance – Full exit from the Russian exposure

Retrieved on: 
Donnerstag, August 10, 2023
Aareal Bank, Loss, Partnership, Housing, Policy, NPL, Digital Solutions, IESA, EBITDA, Acquisition, Pfandbrief, Investment, Basel III: Finalising post-crisis reforms, Growth, Consolidated, Bank, Environment, Atlantic Ocean, Software, Pharmaceutical industry, Renewable energy, Management, Cryptocurrency, Video game

Moreover, a part of the investment budget was used for the early termination of the Bank's remaining Russian exposure.

Key Points: 
  • Moreover, a part of the investment budget was used for the early termination of the Bank's remaining Russian exposure.
  • This means that loss allowance for US office property financings totalled approximately €100 million.
  • What is more, deposits reached an average volume of €13.5 billion in the first six months of 2023, benefiting from higher interest rates.
  • Another €33 million of loss allowance was recognised in net gain or loss from financial instruments (fvpl) due to fair value measurement adjustments in the US.

EQS-News: Aareal Bank refinances prime UK PBSA portfolio in London for Chapter

Retrieved on: 
Dienstag, August 1, 2023
Allen & Overy, Chapter, Aareal Bank, Investment, Bed, Public Sector Pension Investment Board, Cushman & Wakefield, PIMCO, Public, Chapter Spitalfields, Rothschild, Rothschild & Co, Student, PBSA, Aldgate, PSP, Bank, Central London, Greystar Real Estate Partners

Aareal Bank had previously been participating in the financing of these assets – namely Spitalfields, South Bank, and Aldgate – and is pleased to have now acted as the sole arranger, lender, and security agent in the refinancing of this prime portfolio.

Key Points: 
  • Aareal Bank had previously been participating in the financing of these assets – namely Spitalfields, South Bank, and Aldgate – and is pleased to have now acted as the sole arranger, lender, and security agent in the refinancing of this prime portfolio.
  • Towering over its immediate surroundings at 33 stories high, Chapter Spitalfields is one of the most iconic purpose-built student accommodation (PBSA) assets in London, with South Bank and Aldgate boasting equally excellent conditions and amenities for students.
  • The portfolio totaling 1,747 beds sits in coveted locations within Central London and is operated by Greystar, a leading PBSA operator with approximately 100,000 beds under management globally.
  • The Chapter brand is regarded as one of the premier UK PBSA brands offering high-end exclusive student accommodation.