Log in
E-mail
Password
Show password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
New member
Sign up for FREE
New customer
Discover our services
Settings
Settings
Dynamic quotes 
OFFON
  1. Homepage
  2. Equities
  3. Germany
  4. Xetra
  5. Aareal Bank AG
  6. News
  7. Summary
    ARL   DE0005408116

AAREAL BANK AG

(ARL)
  Report
SummaryQuotesChartsNewsRatingsCalendarCompanyFinancialsConsensusRevisions 
SummaryMost relevantAll NewsAnalyst Reco.Other languagesPress ReleasesOfficial PublicationsSector news

Aareal Bank : grants green loan to Cerberus and Highgate

09/16/2021 | 04:34am EDT

DGAP-News: Aareal Bank AG / Key word(s): Financing
Aareal Bank grants green loan to Cerberus and Highgate

16.09.2021 / 10:32
The issuer is solely responsible for the content of this announcement.


Aareal Bank grants green loan to Cerberus and Highgate

- Refinancing of Dorsett City London hotel

Wiesbaden, 16 September 2021 - Aareal Bank announces the closing of a green financing agreement for a European property. An affiliate of Cerberus Capital Management, L.P. ("Cerberus") and Highgate received a mortgage loan in the upper double-digit GBP million range to refinance the purchase of the Dorsett City Hotel in London. The 5-year senior loan is collateralised by a property that meets sustainability criteria, which the borrower has committed to maintain throughout the term of the loan. This is the second green loan Aareal Bank has provided according to its Green Finance Framework.

The Dorsett City Hotel opened in February 2018 in Aldgate, one of the most dynamic and evolving sub-markets in the City of London. Located in the heart of London's financial district and at the gateway to vibrant East London, the modern 4-star hotel caters for business and leisure travellers alike. The property spreads across 13 storeys, features 267 rooms and has received a BREEAM Very Good certificate. The BREEAM assessment uses recognised measures of performance to evaluate a building's specification, design construction and use across eight categories, addressing wide-ranging environmental and sustainability issues.

Cerberus is a global leader in alternative investing with over $55 billion in assets across complementary credit, private equity, and real estate strategies. Highgate is a fully integrated real estate investment firm with a primary focus on the hospitality sector, with a current portfolio that includes over 350 properties or 65,000 hotel rooms owned, managed, asset managed or under development throughout the United States, across Europe, and in 15 Caribbean and Latin American countries.

"Going green" a matter of impact and business

Christof Winkelmann, Member of the Management Board of Aareal Bank, stated: "At Aareal Bank we believe that the Corona pandemic has contributed to a heightened awareness of sustainable management. I therefore expect that more and more sectors of the economy will systematically integrate sustainability requirements into their business models. The financial sector has a prominent role to play in this process. Therefore, it is our intention to steadily increase the share of green buildings in our loan portfolio and we are pleased be able to support Cerberus and Highgate on their path to sustainable investments."

Bird and Bird advised Aareal Bank on legal matters, and CBRE performed the valuation.

Photographs for editorial use can be downloaded here.

Contacts:
Hans Feiner
Phone: +49 611 348 3025
hans.feiner@aareal-bank.com

Christian Feldbrügge
Phone: +49 611 348 2280
christian.feldbruegge@aareal-bank.com

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/Pacific. Aareal Bank AG, whose shares are included in Deutsche Börse's SDAX index, is the Group's parent entity. It manages the various entities organised in the Group's business segments: Structured Property Financing, Banking & Digital Solutions, and Aareon. The Structured Property Financing segment encompasses all of Aareal Bank Group's property financing and funding activities. Here, the Bank supports its clients in making large-volume commercial property investments. The investment properties mostly comprise office buildings, hotels, shopping centres, logistics and residential property, as well as student apartments. In the Banking & Digital Solutions segment, Aareal Bank Group supports businesses from the housing, property management and energy industries as a digitalisation partner - combining extensive advisory services and product solutions with traditional corporate banking services and deposit-taking. Its subsidiary Aareon, the leading supplier of ERP software and digital solutions for the European property sector and their partners, represents the third business segment. Aareon offers reliable, pioneering solutions in the fields of consulting, software and services to optimise IT-supported business processes, and to extend business models. The Aareon Smart World digital platform links businesses from the housing industry and related sectors with customers, staff and business partners, as well as connecting technical devices in apartments and buildings.



16.09.2021 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: +49 (0)611 348 - 0
Fax: +49 (0)611 348 - 2332
E-mail: aareal@aareal-bank.com
Internet: www.aareal-bank.com
ISIN: DE0005408116
WKN: 540811
Indices: SDAX
Listed: Regulated Market in Frankfurt (Prime Standard); Regulated Unofficial Market in Berlin, Dusseldorf, Hamburg, Munich, Stuttgart, Tradegate Exchange; Stockholm
EQS News ID: 1233784

 
End of News DGAP News Service

1233784  16.09.2021 

fncls.ssp?fn=show_t_gif&application_id=1233784&application_name=news&site_id=zonebourse_sftp

ę EQS 2021
All news about AAREAL BANK AG
10/14AAREAL BANK AG : Release according to -2-
DJ
10/14AAREAL BANK AG : Release according to Article 40, Section 1 of the WpHG [the German Securi..
DJ
10/14AAREAL BANK : CDP-Fragebogen 2020
PU
10/13AAREAL BANK : Regulatory Disclosure Report for H1 2021 of Aareal Bank Group LCR correction..
PU
10/12AAREAL BANK AG : NorldLB sticks Neutral
MD
10/09Aareal Bank Confirms Open-Ended Discussions with A Group of Financial Investors Regardi..
CI
10/08AAREAL BANK AG : Release according to Article 40, Section 1 of the WpHG [the German Securi..
EQ
10/08AAREAL BANK AG : Release according to Article 40, Section 1 of the WpHG [the German Securi..
DJ
10/08AAREAL BANK AG : NorldLB reaffirms its Neutral rating
MD
10/08AAREAL BANK AG : Deutsche Bank remains Neutral
MD
More news
Analyst Recommendations on AAREAL BANK AG
More recommendations
Financials
Sales 2021 817 M 948 M 948 M
Net income 2021 53,6 M 62,2 M 62,2 M
Net Debt 2021 - - -
P/E ratio 2021 31,9x
Yield 2021 2,87%
Capitalization 1 648 M 1 912 M 1 912 M
Capi. / Sales 2021 2,02x
Capi. / Sales 2022 1,89x
Nbr of Employees 3 084
Free-Float 100,0%
Chart AAREAL BANK AG
Duration : Period :
Aareal Bank AG Technical Analysis Chart | MarketScreener
Full-screen chart
Technical analysis trends AAREAL BANK AG
Short TermMid-TermLong Term
TrendsBullishBullishBullish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 7
Last Close Price 27,54 €
Average target price 26,14 €
Spread / Average Target -5,07%
EPS Revisions
Managers and Directors
Jochen Kl÷sges Chief Executive Officer
Marc Oliver He▀ CFO, Head-Treasury, Finance & Controlling
Marija G. Korsch Chairman-Supervisory Board
Holger Spielberg Group Technology Officer
Richard Peters Vice Chairman-Supervisory Board
Sector and Competitors