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  -  09:31 2022-09-27 am EDT
32.98 EUR   -0.06%
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 Capital Corporation arranges USD 370 million syndicated Green Loan for Manhattan office building

08/01/2022 | 09:13am EDT


DGAP-Media / 01.08.2022 / 15:12

Aareal Capital Corporation arranges USD 370 million syndicated Green Loan for Manhattan office building

Wiesbaden, 1 August 2022 – Aareal Capital Corporation, a wholly owned subsidiary of Aareal Bank, announces the closing of a financing agreement with SL Green Realty Corp., a fully integrated real estate investment trust (REIT) and Manhattan’s largest office landlord. Aareal Capital Corporation is acting as lead arranger, lender and agent for the USD 370 million senior mortgage facility that will be used to refinance the REIT’s share in the office building known as 100 Church Street. A total of USD 290 million has been syndicated to Crédit Agricole Corporate & Investment Bank, Helaba and Deutsche Pfandbriefbank.

Located at the intersection of Tribeca and the Financial District, 100 Church Street sits at the heart of a revitalised downtown Manhattan, steps away from the World Trade Center and Fulton Street transit hubs. Totalling 1.1 million square feet, the 21-story building is an early downtown example of new modern architecture. Since the acquisition by SL Green in 2010, the property has accumulated a variety of awards including the BOMA 360 Performance Award, the Energy Star Partner of the Year, and the WiredScore Gold award. Additionally, 100 Church Street is LEED Gold certified, WELL Health Safety Rated, and has won an Energy Star certification 10 times.

SL Green focuses primarily on acquiring, managing and maximising the value of Manhattan commercial properties, with direct ownership interest in 26.7 million square feet of Manhattan buildings.

“100 Church Street is an outstanding asset, which makes it even more valuable at a time when the office market is still recovering from Covid restrictions,” stated Douglas Traynor, Chief Executive Officer at Aareal Capital Corporation. “The quality of the property and the borrower are therefore just as crucial for this transaction as the financier's precise knowledge of the market. SL Green have impressively sustainably repositioned 100 Church Street – in the literal sense of the word.”

“SL Green has transformed 100 Church Street into an award-winning green building since our acquisition of the property and its comprehensive redevelopment in 2010,” said Harrison Sitomer, Chief Investment Officer of SL Green. “We greatly appreciate the partnership of Aareal Capital Corporation, which validates our belief in the long-term strength of this incredible asset and of prime Manhattan commercial real estate.”

SL Green was legally advised in this transaction by Paul, Weiss, Rifkind, Wharton & Garrison LLP, the lenders were advised by Kelley Drye & Warren LLP. Newmark Valuation & Advisory advised on the valuation.

 

Contacts for the media:

Oliver Tross
Phone: +49 611 348 2183
Mobile: +49 175 4357 559
oliver.tross@aareal-bank.com

Yannick Houdard
Phone: +49 611 348 348 2462
Mobile: +49 171 226 7155
yannick.houdard@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


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

01.08.2022 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: 1410581

 
End of News DGAP Media

1410581  01.08.2022 

fncls.ssp?fn=show_t_gif&application_id=1410581&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 906 M 906 M
Net income 2022 120 M 116 M 116 M
Net Debt 2022 - - -
P/E ratio 2022 16,5x
Yield 2022 4,22%
Capitalization 1 975 M 1 906 M 1 906 M
Capi. / Sales 2022 2,10x
Capi. / Sales 2023 2,05x
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 5
Last Close Price 33,00 €
Average target price 31,22 €
Spread / Average Target -5,39%
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