Aareal Bank AG: Aareal Bank arranges EUR 447 million financing for a European hotel portfolio

DGAP-News: Aareal Bank AG / Key word(s): Financing Aareal Bank AG: Aareal Bank arranges EUR 447 million financing for a European hotel portfolio 14.11.2018 / 09:44 The issuer is solely responsible for the content of this announcement. Aareal Bank arranges EUR 447 million financing for a European hotel portfolio Wiesbaden, 14 November 2018 - Aareal Bank AG has provided a five-year financing of EUR 447 million for a European hotel portfolio managed by Swedish hotel property company Pandox AB. The portfolio comprises a total of 14 high-quality hotels in the upper full-service segment, in first-class locations in Austria, Belgium, Germany, and the Netherlands, with a total of approximately 3,600 rooms - including the Crowne Plaza Brussels - Le Palace, the Radisson Blu in Cologne, and the Park Hotel Amsterdam. The Bank had already provided a EUR 270 million financing for a part of the portfolio (excluding the Belgian hotels) in December 2016. Building on the existing business relationship, Aareal Bank was now in a position to finance the expansion of the portfolio to include the seven Belgian hotels, and extending the facility by five years. "We are delighted about the confidence Pandox has shown by expanding the portfolio with us and extending the facility by another five years", said Christof Winkelmann, member of the Management Board of Aareal Bank: "The exposure underlines our expertise regarding complex pan-European hotel portfolios covering multiple jurisdictions." Aareal Bank Group Aareal Bank Group, headquartered in Wiesbaden, is a leading international property specialist. It provides smart financings, software products, and digital solutions for the property sector and related industries, and is present across three continents: Europe, North America and Asia. Aareal Bank AG, whose shares are included in Deutsche Börse's MDAX index, is the Group's parent entity. It manages the various entities organised in the Group's two business segments: Structured Property Financing and Consulting /Services. The Structured Property Financing segment encompasses all of Aareal Bank Group's property financing and funding activities. In this segment, the Bank facilitates property investment projects for its domestic and international clients, within the framework of a three-continent strategy covering Europe, North America and Asia. In its Consulting/Services segment Aareal Bank Group offers its European clients from the property and energy sectors a unique combination of specialised banking services as well as innovative digital products and services, designed to help clients optimise and enhance the efficiency of their business processes. Contact: Aareal Bank AG Corporate Communications Sven Korndörffer Phone: [phone] [e-mail] Cornelia Müller Phone: [phone] [e-mail] Christian Feldbrügge Phone: [phone] [e-mail]   14.11.2018 Dissemination of a Corporate News, transmitted by DGAP - a service of EQS Group AG. The issuer is solely responsible for the content of this announcement. The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. Archive at www.dgap.de

Language:	English
Company:	Aareal Bank AG
	Paulinenstr. 15
	65189 Wiesbaden
	Germany
Phone:	[phone] - 0
Fax:	[phone] - 2332
E-mail:	[e-mail]
Internet:	www.aareal-bank.com
ISIN:	DE0005408116
WKN:	540811
Indices:	MDAX
Listed:	Regulated Market in Frankfurt (Prime Standard); Regulated Unofficial Market in Berlin, Dusseldorf, Hamburg, Munich, Stuttgart, Tradegate Exchange; Stockholm

End of News	DGAP News Service

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