Associated tags: ERP, Digital Solutions, Bank, Aareal Bank, SDAX, Housing, Software, Supervisory board, Security (finance), Financial Oversight and Management Board for Puerto Rico
Locations: NORTH AMERICA, CHINA, DEUTSCHLAND, RUSSIA, UK, NETHERLANDS, GERMANY, FRANCE, SPAIN, NEW ZEALAND, LONDON, EUROPE
Centerbridge Partners,
Annual general meeting,
Aareal Bank,
Annual,
GE Capital,
CVS,
Senior,
Atlantic Ocean,
Supervisory board,
Supervision,
Person,
Security (finance) Wiesbaden, 3 May 2024 – The ordinary Annual General Meeting of Aareal Bank AG adopted the resolution concerning the squeeze-out under the German Public Limited Companies Act, thus resolving the transfer of shares held by minority shareholders to the main shareholder, Atlantic BidCo GmbH.
Key Points:
- Wiesbaden, 3 May 2024 – The ordinary Annual General Meeting of Aareal Bank AG adopted the resolution concerning the squeeze-out under the German Public Limited Companies Act, thus resolving the transfer of shares held by minority shareholders to the main shareholder, Atlantic BidCo GmbH.
- The agenda also called for elections of Supervisory Board members, due to the fact that the regular terms of office of Prof. Dr Hermann Wagner, Denis Hall and Hans-Hermann Anton Lotter ended at the close of the Annual General Meeting.
- The Annual General Meeting also approved all other agenda items with a large majority of more than 98 per cent.
- Further information on this year's Annual General Meeting, together with the CVs of the newly-elected and re-elected Supervisory Board members and the detailed voting results are available here .
Retrieved on:
Wednesday, April 10, 2024
Deutsche Bank,
Real estate,
Supervisory board,
CFO,
Commercial property,
Aareal Bank,
Business development,
University,
Software,
Commercial,
Asset management,
International business,
LBBW,
Treasury,
Financial institution,
Market Therefore, the Supervisory Board appointed Dr Christian Ricken as new Chief Executive Officer of Aareal Bank AG from 1 August 2024, subject to customary approvals by the supervisory authority.
Key Points:
- Therefore, the Supervisory Board appointed Dr Christian Ricken as new Chief Executive Officer of Aareal Bank AG from 1 August 2024, subject to customary approvals by the supervisory authority.
- Dr Christian Ricken had also been a member of the Group Executive Committee of Deutsche Bank for several years before joining the Board of Managing Directors of LBBW in 2017.
- Aareal Bank AG’s Chairman of the Supervisory Board, Jean Pierre Mustier, said: “I am very pleased to welcome Christian Ricken as a new leader for Aareal Bank Group.
- I’d also like to thank Jochen Klösges on behalf of the entire Supervisory Board for his strong and successful leadership, also in very challenging times.
Retrieved on:
Wednesday, April 10, 2024
Annual,
Atlantic Ocean,
Supervisory board,
Exercise,
Centerbridge Partners,
Proxy,
Aareal Bank,
GE Capital,
Supervision,
Senior,
Annual general meeting Wiesbaden, 25 March 2024 – Aareal Bank AG has today invited shareholders to its ordinary Annual General Meeting, which will be held on 3 May 2024 as a virtual meeting.
Key Points:
- Wiesbaden, 25 March 2024 – Aareal Bank AG has today invited shareholders to its ordinary Annual General Meeting, which will be held on 3 May 2024 as a virtual meeting.
- A key item on the agenda will be the passing of a resolution on a squeeze-out of minority shareholders.
- The main shareholder of Aareal Bank AG, Atlantic BidCo GmbH, has further specified its transfer request and informed Aareal Bank AG’s Management Board that it has determined the cash compensation for the intended transfer of shares held by minority shareholders of Aareal Bank AG at €33.20 per registered share.
- Atlantic BidCo holds approximately 95.50 per cent of the issued share capital of, and voting rights in, Aareal Bank AG.
Retrieved on:
Wednesday, March 13, 2024
Cloud,
Software,
Acquisition,
Embrace,
Digital Solutions,
NPE,
Investment,
Risk management,
DACH,
Bank,
UTS,
Average cost,
Growth,
IESA,
Chapter,
Consolidated,
Software as a service,
Business,
Atlantic Ocean,
CIR,
Common equity,
EBT,
Aareal Bank,
NPL,
Anomaly,
Housing,
Environment Consolidated operating profit is projected to rise to between €300 million and €350 million in 2024, even though the Bank anticipates continued above-average risk provisions.
Key Points:
- Consolidated operating profit is projected to rise to between €300 million and €350 million in 2024, even though the Bank anticipates continued above-average risk provisions.
- Aareal Bank Group closed the 2023 financial year with consolidated operating profit of €149 million (2022: €239 million).
- Thanks to its strong earnings power, the Group nonetheless anticipates consolidated operating profit between €300 million and €350 million.
- The Bank is expected to achieve operating profit of €250 million to €300 million, despite risk provisions projected to remain at above-average levels.
Retrieved on:
Thursday, February 8, 2024
Starwood Capital Group,
Cushman & Wakefield,
Knowledge,
Collection,
Radisson Blu,
Aareal Bank,
White,
White & Case,
Pinsent Masons,
Acquisition,
Financial services Wiesbaden, 8 February 2024 – Aareal Bank announces its pivotal role in financing the majority of the Edwardian hotel portfolio in London acquired by a controlled affiliate of Starwood Capital Group (Starwood Capital).
Key Points:
- Wiesbaden, 8 February 2024 – Aareal Bank announces its pivotal role in financing the majority of the Edwardian hotel portfolio in London acquired by a controlled affiliate of Starwood Capital Group (Starwood Capital).
- The acquisition adds to Starwood Capital's existing portfolio of European hotel investments, which following the transaction will comprise 47 hotels / approx.10,000 rooms across Europe.
- Tim Abram, Managing Director at Starwood Capital said, "We are delighted to have Aareal Bank as our partner on the acquisition of this one-of-a-kind portfolio of London hotels.
- Key players in this transaction include Pinsent Masons and White & Case, serving as legal advisors to Aareal Bank and Starwood Capital, respectively.
Retrieved on:
Tuesday, December 26, 2023
The issuer is solely responsible for the content of this announcement.
Key Points:
- The issuer is solely responsible for the content of this announcement.
- Wiesbaden, 11 December 2023 – Atlantic BidCo GmbH ("Atlantic BidCo") today informed the Management Board of Aareal Bank AG that it holds 95.28 per cent of Aareal Bank shares following completion of its delisting offer.
- Against this background, Atlantic BidCo has submitted a demand, pursuant to section 327a (1) of the German Stock Corporation Act (Aktiengesetz – “AktG”), that the General Meeting adopt a resolution to transfer all shares held by the minority shareholders to Atlantic BidCo against payment of an appropriate cash compensation (squeeze-out under Stock Corporation Act).
- Atlantic BidCo has indicated that it will inform Aareal Bank of the amount of the cash compensation in a further letter (a so-called ‘specified demand’) once this has been determined.
Retrieved on:
Thursday, December 14, 2023
The Social Hub,
Security,
Growth,
White & Case,
Plain Green Loans,
Social,
Arrangement,
Henri de Pardieu,
Student,
Student's Hotel,
CBRE,
TSH,
White,
Pinsent Masons,
Travel,
Work,
Aareal Bank,
Rabobank,
Tourism Wiesbaden, 27 November 2023 – Aareal Bank announces the successful closing of a € 566 million refinancing facility with The Social Hub (TSH), together with two participating lenders, one of which being Rabobank.
Key Points:
- Wiesbaden, 27 November 2023 – Aareal Bank announces the successful closing of a € 566 million refinancing facility with The Social Hub (TSH), together with two participating lenders, one of which being Rabobank.
- Operated under TSH’s hybrid hospitality concept offering co-working, events, hotel, extended-stay rooms and student accommodation, the cross-border portfolio comprises 13 properties across the Netherlands, Spain, France and the UK.
- Aareal Bank acted as the Arranger, Agent, and Security Agent of the senior loan, which is classified by Aareal as a Green Loan under its own Green Finance Framework.
- “We are delighted to establish this relationship with such a unique hospitality brand and operator as TSH,” comments Michelle Weiss, Head of Hotel Properties at Aareal Bank.
Retrieved on:
Thursday, December 14, 2023
Bank,
Tax,
Growth,
Digital Solutions,
NPL,
Loss,
IESA,
EBA,
NPE,
PBSA,
Aareal Bank,
EBITDA,
Housing,
Investment,
Policy,
Common equity,
Environment,
Cryptocurrency,
Arms industry Net interest income for the first nine months amounted to €710 million (9m 2022: €514 million), up 38 per cent.
Key Points:
- Net interest income for the first nine months amounted to €710 million (9m 2022: €514 million), up 38 per cent.
- Net commission income was up by 13 per cent compared to the previous year’s quarter, to €76 million (Q3 2022: €67 million), mainly due to ongoing revenue growth at Aareon.
- Loss allowance for the third quarter amounted to €102 million (Q3 2022: €63 million), and continued to reflect loan defaults affecting the US office property market.
- Aareon refinanced the facility provided by Aareal Bank (“Hunting Line”) in the third quarter through external long-term debt.
Retrieved on:
Thursday, September 28, 2023
Commercial Building & Real Estate,
Construction & Property,
REIT,
Heart,
PRCP,
Aareal Bank,
Partnership,
Galleria at White Plains,
Gensler,
Common Council,
LEED,
Silver,
City centre,
Multimedia,
Architecture,
City,
Regulation,
Metropolitan,
Design,
NYC Metro,
SL Green Realty,
Commercial property A key first step for the visionary redevelopment, spanning multiple city blocks in the heart of Downtown White Plains.
Key Points:
- A key first step for the visionary redevelopment, spanning multiple city blocks in the heart of Downtown White Plains.
- The District Galleria is being designed as a sustainable project, meeting the silver LEED standard of high-energy efficient building materials.
- The redevelopment of the Galleria site would align with the city’s strategic plan to expand transit-oriented development.
- The District Galleria will go a long way in making our local community more enjoyable, desirable, sustainable, and resilient,” added Chief Executive Officer/Founder of the Cappelli Organization, Louis Cappelli.
Retrieved on:
Thursday, September 28, 2023
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.
