Schwabinger Tor
Munich

€ 388 million

Development and Investment Financing in a consortium
March 2014

The „Schwabinger Tor“ in Munich is currently one of the largest inner-city real estate development projects in Germany. Nine buildings are being created in Schwabing, with a space of 90,000 m2 (approx.). The special feature of this project is the vertical mixed use of the space for retail, restaurants, offices and apartments, combined with a 5 star-plus hotel and integrated conference centre. The project manager and land owner is the Jost Hurler Group. pbb acted as Arranger, structuring the loan with a volume of € 388 mn and a loan period of 20 years. pbb involved ERGO Life Insurance as a partner. As financer, pbb provides € 188 mn of the loan, whilst ERGO provides € 200 mn.

Beacon Tour First
Paris

€ 515 million

Syndicated investment finance
France
September 2014

Tour First is an iconic office tower located in La Défense, a major business district in the Paris Metropolitan Area. With 50 upper floors and a total height of 231 meters it is the tallest office building in France and the second tallest structure after the Eiffel Tower. Aareal Bank AG and pbb acted as Joint Mandated Lead Arrangers co-underwriting a € 515 mn senior loan facility to an affiliate of Beacon Capital Partners, LLC for the purchase of the building. By the way of syndication, the Senior European Loan Fund 1 managed by AEW Europe and M&G Investments, as well as another banking partner, agreed to the loan facility as further lenders. In this transaction, pbb also acted as the Facility and Security Agent.

Arei, Fastigheter
2AB
Stockholm

€ 155 million

Investment finance
Sweden
March 2014

pbb provided SEK 1.385 billion (approx. € 155 million) in acquisition financing to Areim Fastigheter 2 AB (“Areim”) for the purchase of a 38,000 m² office building in Stockholm, Sweden. The landmark property is situated on the edge of Stockholm’s Central Business District and is the headquarters of the insurance company Trygg-Hansa. The transaction is a further demonstration of pbb’s strong commitment to the Nordic markets, which is one of pbb’s core markets. pbb has been servicing the Nordig region from its Stockholm office since September 2012.

Lipowy Office Park
Warsaw

€ 55 million

Investment finance
Poland
May 2014

pbb provided a € 55 mn medium-term refinancing facility for two of W. P. Carey’s publicly held, non-traded REIT affiliates. The proceeds are being used to partially refinance the purchase price paid for the acquisition of Lipowy Office Park,Bank Pekao’s headquarters. The 34,900 m2 office complex was completed in 2009 by Hochtief Development Poland. It consists of four 9-storey modern office buildings, located in the Ochota district, at the major road connecting Warsaw’s central business district with the international Fryderyk Chopin Airport. This transaction emphasises the value that pbb’s knowledge of Eastern and Western European markets can bring to its clients.

Interim Report as of 30.06.2016

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Annual General Meeting 2016

Breaking News:

12.08.2016

Pre-tax profit for the first half of 2016 within expectations
  • pbb posts pre-tax profit of €87 million for the first six months
  • Together, net interest and commission income totalled €198 million, down year-on-year
  • New business of €4.7 billion for the first half of 2016 lower than in the same period of the previous year, reflecting a conservative risk approach in a chal-lenging market environment
  • No loan loss provisioning required during the first half-year
  • General administrative expenses decreased again
  • Guidance for full-year profit before taxes confirmed, due to low loan loss provisions and reduced general administrative expenses
  • pbb is well-capitalised – fully phased-in CET1 ratio rises to 18.4%
  • Re-entry into the US real estate market planned for the second half of the year

08.08.2016

pbb provides €34 million medium term credit facility to IMMOFINANZ for the refinancing of Nimbus office building in Warsaw, Poland

02.08.2016

pbb provides more than €120 million in financing for acquisition of real estate portfolio
  • Nine office buildings and one commercial property, comprising 93,000 m² overall
  • Real estate in five West German Federal States

12.07.2016

pbb provides €100 million in financing to TAG Immobilien AG
  • Refinancing of residential real estate portfolio in Germany
  • pbb leverages its sizeable portfolio financing expertise
  • Meitinger: "pbb is a seasoned provider with extensive expertise in complex portfolio financings"