S Immo reports increasing revenues and profitability
Total revenues were €161.4 million, up from €119.6 million in the prior year. Rental income was €93.9 million (HY 2022: €73.0 million). This increase reflects the positive impact of...
Category: Finance
pbb affirms earnings guidance for 2023 and launches cost-cutting programme
Deutsche Pfandbriefbank AG (pbb) generated a pre-tax profit of €81 million in the first half of 2023 (consolidated figures in accordance with IFRS, reviewed by external auditors). pbb affirmed...
pbb provides €40 million investment facility to REICO ČS NEMOVITOSTNÍ
In addition to the existing investment facility with an overall amount of €118 million pbb Deutsche Pfandbriefbank has provided a €40 million credit facility to the open-ended fund REICO...
S IMMO posts strong operating results for the first quarter
The listed real estate investment company S IMMO AG significantly improved its operating result in the first quarter of 2023. Herwig Teufelsdorfer, a member of S IMMO AG’s Management...
pbb holds course in difficult market environment
Deutsche Pfandbriefbank AG (pbb), a leading European specialist bank for commercial real estate finance, stayed on course in the current financial year’s first quarter for a profit before taxes...
Deutsche Hypo participates in the refinancing of Varso Place
Deutsche Hypo – NORD/LB Real Estate Finance has participated in the refinancing of the Varso Place complex in Warsaw. The consortium – consisting of Santander Bank Polska S.A., Landesbank...
P3 Group announces record operating results for 2022
The European investor and developer of warehouse properties, P3 Group increased Gross Asset Value (“GAV”) to €8.3 billion, only modestly impacted by a 2.3 percent valuation decline. Operationally, the...
pbb provides €117 million for logistics portfolio in Poland and Czech Republic
pbb Deutsche Pfandbriefbank has provided a €117 million investment loan facility to a Logistics Fund, managed by GLP Capital Partners (GCP). The fund will utilise the proceeds for the...
S IMMO defies crisis to achieve operating success
Robust operating figures and a significant increase in rental income with record EBITDA and gross profit demonstrate the stability of S IMMO’s business model in a highly volatile macroeconomic...
Santander provides funding for 1st stage of Neo Natolin
Real Management S.A. has received funding of PLN 125 million for the construction of its residential project Neo Natolin, which is being developed in Warsaw’s Wilanów district, at ul....
pbb and Amundi cooperating in fund origination
Deutsche Pfandbriefbank AG (pbb), a leading specialist European bank in commercial real estate financing, and Amundi Deutschland GmbH, a subsidiary of the largest European asset manager Amundi, have closed...
Dentons advises HB Reavis on financing for Varso Place
Dentons has advised HB Reavis on obtaining financing for the development of the Varso Place mixed-use building complex in the centre of Warsaw. The €475 million financing represents the...
