Aareal Bank

DGAP-News: Aareal Bank rejects demand by Petrus for replacement of Supervisory Board members

Thursday, April 8, 2021 - 9:00am

The Supervisory Board of Aareal Bank AG rejects the demand by Petrus Advisers Ltd ("Petrus") for a partial replacement of Supervisory Board members, since this demand is without any substance.

Key Points: 
  • The Supervisory Board of Aareal Bank AG rejects the demand by Petrus Advisers Ltd ("Petrus") for a partial replacement of Supervisory Board members, since this demand is without any substance.
  • Petrus has explicitly called for the resignation of three current Supervisory Board members, in order to make room for three replacement candidates proposed by Petrus, to be elected at the upcoming Ordinary Annual General Meeting on 18 May.
  • This corporate governance sounding led to shortened terms of office of Supervisory Board members, the introduction of a so-called staggered board, as well as new appointments to the Supervisory Board (in the sense of a Board refreshment).
  • This also applies to the Supervisory Board members whom Petrus has now called upon to resign - who were only elected last year.

DGAP-News: Aareal Bank provides financing to L+ R Hotels

Wednesday, March 24, 2021 - 11:02am

Wiesbaden, 24March 2021 - Aareal Bank has granted L + R Hotels a five-year loan, secured by the prestigious hotel "The Mayfair Townhouse".

Key Points: 
  • Wiesbaden, 24March 2021 - Aareal Bank has granted L + R Hotels a five-year loan, secured by the prestigious hotel "The Mayfair Townhouse".
  • L + R Hotels has recently invested a substantial amount in the refurbishment of the premise, which was purchased back in 2004.
  • Leonard Sebastian, Group Managing & Legal Director of London + Regional Hotels, praises the cooperation with Aareal Bank: "I found the Aareal team a dream to work with.
  • Aareal Bank was advised by Pinsent Masons on legal matters, Cushman & Wakefield provided commercial and technical due diligence for the transaction.

DGAP-News: Absence of CEO Hermann J. Merkens, due to ill health, continues

Friday, March 12, 2021 - 9:01pm

Absence of CEO Hermann J. Merkens, due to ill health, continues

Key Points: 
  • Absence of CEO Hermann J. Merkens, due to ill health, continues
    The issuer is solely responsible for the content of this announcement.
  • Absence of CEO Hermann J. Merkens, due to ill health, continues
    Wiesbaden, 12 March 2021 - Today, the Chairman of the Management Board of Aareal Bank AG, Hermann J. Merkens, informed the Chairman of the Supervisory Board, Marija Korsch, that his absence due to ill health will last longer than originally expected and communicated on 8 November 2020.
  • Whether and when Mr Merkens will be able to return to his duties cannot be reliably predicted at this point.
  • The substitution regulations communicated for the Company's Management Board will remain in force until further notice.

DGAP-News: Following a loss-making year as a result of the pandemic, Aareal Bank anticipates a triple-digit million-euro positive operating result again for 2021

Wednesday, February 24, 2021 - 7:01am

Following a loss-making year in 2020 owing to the Covid-19 pandemic, Aareal Bank Group expects to generate a positive consolidated operating profit again - in a triple-digit million-euro range - for 2021.

Key Points: 
  • Following a loss-making year in 2020 owing to the Covid-19 pandemic, Aareal Bank Group expects to generate a positive consolidated operating profit again - in a triple-digit million-euro range - for 2021.
  • This is in line with the requirements published by the European Central Bank (ECB) on 15 December 2020.
  • For the post-Covid period, Aareal Bank anticipates enhanced opportunities for high-margin business whilst maintaining its conservative risk standards.
  • Aareal Bank Group continues to anticipate a 'swoosh-shaped' trend and anticipates a marked recovery during this year and the next.

DGAP-News: Aareal Bank arranges financing for prime European logistics assets

Wednesday, February 10, 2021 - 12:03pm

Aareal Bank AG, whose shares are included in Deutsche Brse's MDAX index, is the Group's parent entity.

Key Points: 
  • Aareal Bank AG, whose shares are included in Deutsche Brse's MDAX index, is the Group's parent entity.
  • It manages the various entities organised in the Group's three business segments: Structured Property Financing, Consulting/Services Bank, and Aareon.
  • The Structured Property Financing segment encompasses all of Aareal Bank Group's property financing and funding activities.
  • The investment properties mostly comprise office buildings, hotels, shopping centres, logistics and residential property, as well as student apartments.

DGAP-News: Aareal Bank leaves the pandemic year 2020 firmly behind with extensive loss allowance and looks ahead with confidence

Sunday, January 17, 2021 - 9:00pm

Wiesbaden, 17 January 2021 - Based on current insights, Aareal Bank Group will post a consolidated operating loss in a double-digit million euro amount for the 2020 financial year.

Key Points: 
  • Wiesbaden, 17 January 2021 - Based on current insights, Aareal Bank Group will post a consolidated operating loss in a double-digit million euro amount for the 2020 financial year.
  • Overall, having recognised forward-looking additional loss allowance to a significant extent, the Bank is therefore comprehensively taking account of the recent intensification of the pandemic.
  • Aareal Bank will publish full preliminary figures for the 2020 financial year on 24 February 2021, as announced.
  • Chief Financial Officer Marc Hess commented: "We are leaving the pandemic year 2020 firmly behind with comprehensive allowance for risks related to Covid-19.

DGAP-News: Aareal Bank arranges financing package of two prime logistics and industrial property parks managed by CTP in the Czech Republic

Wednesday, December 16, 2020 - 11:02am

- The refinancing in the amount of approximately 403.5 million was arranged, underwritten and fully disbursed by Aareal Bank for logistics property owner-developer CTP

Key Points: 
  • - The refinancing in the amount of approximately 403.5 million was arranged, underwritten and fully disbursed by Aareal Bank for logistics property owner-developer CTP
    Wiesbaden, 16 December 2020 - Aareal Bank has arranged and underwritten the refinancing of two logistics and industrial parks in premium locations in the Czech Republic on behalf of CTP, a privately-held property developer.
  • Aareal Bank acted as Mandated Lead Arranger, Sole Lender as well as Facility and Security Agent.
  • CTP, one of Europe's top-five logistics property companies and the largest logistics property owner-developer in CEE, will use the loan proceeds to refinance the two premium logistics parks comprising 32 properties in total.
  • CTP is the largest full-service owner-developer of prime industrial and logistics property in the CEE.

DGAP-News: New invoicing solution to support e-mobility: Aareal Bank announces cooperation with platform provider smartlab

Tuesday, December 8, 2020 - 9:01am

New invoicing solution to support e-mobility: Aareal Bank announces cooperation with platform provider smartlab

Key Points: 
  • New invoicing solution to support e-mobility: Aareal Bank announces cooperation with platform provider smartlab
    The issuer is solely responsible for the content of this announcement.
  • New invoicing solution to support e-mobility: Aareal Bank announces cooperation with platform provider smartlab
    Wiesbaden/Aachen, 8 December 2020 - Aareal Bank AG has developed an automated invoicing procedure within the scope of a partnership with smartlab Innovationsgesellschaft mbH.
  • The pilot phase of this new invoicing solution will begin on the ladenetz.de platform, via which smartlab connects over 220 municipal utility companies as providers of charging points.
  • For further information on Aareal Connected Payments and Aareal Bank AG's product innovations, please refer to: https://thinkfuture.aareal-bank.com/the-future-of-payment

DGAP-News: Aareal Bank finances 'Scape' student accommodation in London

Wednesday, December 2, 2020 - 10:01am

December 2020 - Aareal Bank AG has provided a three-year financing of approximately GBP 54 million for "Scape London Canalside", a dedicated 400+-bed student accommodation facility in London.

Key Points: 
  • December 2020 - Aareal Bank AG has provided a three-year financing of approximately GBP 54 million for "Scape London Canalside", a dedicated 400+-bed student accommodation facility in London.
  • It was built - and is operated - by Scape, a worldwide developer and operator of student accommodation, and opened in September 2019.
  • Aareal Bank sees student accommodation as an asset class with a promising future.
  • "Aareal Bank is increasingly focusing on financing student accommodation.

DGAP-News: Aareal Exchange & Payment Platform: Aareal Bank Group develops platform solution to manage B2B payment processes and services

Tuesday, December 1, 2020 - 9:01am

Aareal Exchange & Payment Platform: Aareal Bank Group develops platform solution to manage B2B payment processes and services

Key Points: 
  • Aareal Exchange & Payment Platform: Aareal Bank Group develops platform solution to manage B2B payment processes and services
    The issuer is solely responsible for the content of this announcement.
  • Aareal Exchange & Payment Platform: Aareal Bank Group develops platform solution to manage B2B payment processes and services
    - Payment and exchange services: uncomplicated end-to-end connection of payments and other external services with full ERP integration and process automation based on a central platform
    Wiesbaden, 1 December 2020 - Aareal Bank Group is launching the Aareal Exchange & Payment Platform (AEPP), an innovative platform solution that will enable companies to implement end-to-end automation of diverse payment and bank-related services, and to integrate them easily into their own ERP systems.
  • In the area of payments, property management companies can use the Aareal Exchange & Payment Platform to link different payment methods and services via a single interface.
  • The platform allows for seamless integration of various payment providers into the existing payment processes of housing enterprises.