Log in
Log in
Or log in with
GoogleGoogle
Twitter Twitter
Facebook Facebook
Apple Apple     
Sign up
Or log in with
GoogleGoogle
Twitter Twitter
Facebook Facebook
Apple Apple     
  1. Homepage
  2. Equities
  3. Germany
  4. Xetra
  5. Aareal Bank AG
  6. News
  7. Summary
    ARL   DE0005408116

AAREAL BANK AG

(ARL)
  Report
Real-time Estimate Tradegate  -  03:59 2022-09-27 pm EDT
32.80 EUR   -0.61%
09/20Aareal Bank : Regulatory Disclosure Report for H1 2022 of Aareal Bank Group (NSFR correction dated 20 September 2022)
PU
09/16Aareal Bank AG(XTRA:ARL) dropped from Germany SDAX (Total Return) Index
CI
09/07Aareal Bank : Regulatory Disclosure Report for H1 2022 of Aareal Bank Group
PU
SummaryQuotesChartsNewsRatingsCalendarCompanyFinancialsConsensusRevisionsFunds 
SummaryMost relevantAll NewsAnalyst Reco.Other languagesPress ReleasesOfficial PublicationsSector news

Aareal Bank provides financing to Vertiq Capital for two upscale hotels in London and Paris

07/06/2022 | 05:04am EDT


DGAP-Media / 06.07.2022 / 11:02

TRANSACTION ANNOUNCEMENT
 

Aareal Bank provides financing to Vertiq Capital for two upscale hotels in London and Paris

Wiesbaden, 6 July 2022 – Aareal Bank announces the closing of a financing agreement totalling € 140 million with investment manager Vertiq Capital. The financing was disbursed as two separate loans, respectively entailing the refinancing of the 25hours Paris Terminus Nord in Paris and the acquisition financing of the Bankside Hotel, Autograph Collection in London. The latter was assessed and qualified as a Green Loan under Aareal Bank’s third-party certified Green Finance Framework.

Superbly located in the up-and-coming 10th arrondissement of the French capital, the 25hours Paris Terminus Nord is a trendy hotel featuring 237 rooms and suites, along with the popular Neni Restaurant and Sape Bar. The Bankside, Autograph Collection is a similarly attractive upscale hotel, newly built just off the River Thames in South Bank as part of the One Blackfriars Development of London. The 161-room property was constructed according to BREEAM Excellent standards and is committed to incorporating sustainability in its day-to-day operations.

“We are pleased to announce our inaugural transaction with Vertiq”, stated Bettina Graef-Parker, Managing Director, Special Property Finance at Aareal Bank. “Despite new political and economic uncertainties, the travel industry has seen a strong recovery since Covid-related restrictions have been gradually lifted. We are therefore strengthened in our view that the hotel sector has a high degree of resilience and will continue looking to expand our loan portfolio through carefully selected top-tier properties in prime locations.”

“We have chosen to work with Aareal on these loans because of their expertise in hotel financing and in-depth knowledge of and commitment to the hotel market in general. Their ability to work swiftly in different jurisdictions against a tight timeline has made it a real pleasure to work with the Aareal hotel team”, said Erik Jacobs, Partner at Vertiq Capital.

Vertiq Capital is a real estate investment manager with a focus on hospitality and other operational assets. The 25hours Paris Terminus Nord and the Bankside Hotel, Autograph Collection are part of a growing pan-European strategy to invest in upscale lifestyle hotels across the key urban markets in Europe. Vertiq will work with various capital partners to execute its investment strategies.

Vertiq Capital Partners was advised by CMS in London and SKBG in Paris. Aareal was advised by DLA Piper and De Pardieu for legal matters and HVS for valuation.

 

Contact for the media:

Oliver Tross
Phone: +49 611 348 348 2183
Mobile: +49 175 4357 559
oliver.tross@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 Group’s business strategy focuses on sustainable business success, with environmental, social and governance aspects as an integral part of this strategy. 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 its partners, represents the third business segment. Aareon is digitalising the property industry by offering user-oriented software solutions that simplify and automate processes, support sustainable and energy-efficient operations, and interconnect all process participants.



End of Media Release

Additional features:

File: Transaction Announcement Vertiq


Issuer: Aareal Bank AG
Key word(s): Real estate

06.07.2022 Dissemination of a Press Release, 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: 1391841

 
End of News DGAP Media

1391841  06.07.2022 

fncls.ssp?fn=show_t_gif&application_id=1391841&application_name=news&site_id=zonebourse_sftp

ę EQS 2022
All news about AAREAL BANK AG
09/20Aareal Bank : Regulatory Disclosure Report for H1 2022 of Aareal Bank Group (NSFR correcti..
PU
09/16Aareal Bank AG(XTRA:ARL) dropped from Germany SDAX (Total Return) In..
CI
09/07Aareal Bank : Regulatory Disclosure Report for H1 2022 of Aareal Bank Group
PU
08/31Annual General Meeting of Aareal Bank AG elects six new Supervisory Board members
EQ
08/31Aareal Bank AG Approves Board Changes
CI
08/12AAREAL BANK AG : Warburg Research from Sell to Neutral
MD
08/10AAREAL BANK AG : DZ Bank remains Neutral
MD
08/10Transcript : Aareal Bank AG, Q2 2022 Earnings Call, Aug 10, 2022
CI
08/10Aareal Bank reports good second-quarter results, despite challenging market environment
EQ
08/10Aareal Bank AG Reports Earnings Results for the Second Quarter and Six Months Ended Jun..
CI
More news
Analyst Recommendations on AAREAL BANK AG
More recommendations
Financials
Sales 2022 939 M 901 M 901 M
Net income 2022 120 M 115 M 115 M
Net Debt 2022 - - -
P/E ratio 2022 16,5x
Yield 2022 4,22%
Capitalization 1 969 M 1 890 M 1 890 M
Capi. / Sales 2022 2,10x
Capi. / Sales 2023 2,03x
Nbr of Employees 2 908
Free-Float 92,9%
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
TrendsNeutralBullishBullish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus HOLD
Number of Analysts 4
Last Close Price 33,00 €
Average target price 32,28 €
Spread / Average Target -2,20%
EPS Revisions
Managers and Directors
Jochen Kl÷sges Chief Executive Officer
Marc Oliver He▀ CFO, Head-Treasury, Finance & Controlling
Hermann Wagner Chairman-Supervisory Board
Holger Spielberg Group Technology Officer
Richard Peters Vice Chairman-Supervisory Board
Sector and Competitors
1st jan.Capi. (M$)
AAREAL BANK AG14.74%1 906
JPMORGAN CHASE & CO.-31.08%314 105
BANK OF AMERICA CORPORATION-28.68%249 333
INDUSTRIAL & COMMERCIAL BANK OF CHINA LTD.-14.32%205 927
WELLS FARGO & COMPANY-16.61%151 760
CHINA CONSTRUCTION BANK CORPORATION-14.81%148 327