Press releases

02/20/2023

Moody’s upgrades HCOB’s issuer rating to A3

02/09/2023

2022 preliminary figures: Hamburg Commercial Bank achieves a strong group net result of EUR 425 million

Hamburg Commercial Bank AG (HCOB) published its preliminary business figures for 2022 on Thursday, reporting a strong preliminary group net result after taxes of EUR 425 (previous year: 351) million.

01/25/2023

Hamburg’s Real Estate Market in 2023: Offices Remain Robust, but Housing Faces Major Challenges

The lengthy real estate boom of the past twelve years is over– both in Hamburg and in the rest of Germany. Rising interest rate levels, high inflation rates, disrupted supply chains and tightening sustainability requirements represent tremendous challenges for the real estate industry. Many market players are uneasy, with investors showing a growing risk aversion while lenders act more cautiously. But Hamburg’s office market is in a robust condition nevertheless. Stable prime rents, a high take-up and low vacancy rates reflect the persistently high appeal of the office market in Germany’s leading port city. On the residential market, by contrast, the persistent housing shortage is driving up rents, while changed terms of financing have resulted in asking price discounts. These are the main takeaways of a press conference headlined “Hamburg’s Real Estate Market – Outlook for 2023” that was attended by Peter Axmann, Head of Real Estate Clients at Hamburg Commercial Bank, Jörn Stobbe, CEO of Becken Holding GmbH, and Sascha Hanekopf, Regional Manager Hamburg at Colliers. Real Estate Lenders More Cautious – ESG

01/17/2023

Hamburg Commercial Bank finances purchase of five student residences for International Campus Group

Hamburg Commercial Bank (HCOB) is providing financing of EUR 160 million to International Campus Group for the purchase of five student residences with a total of 1,870 apartments.

12/14/2022

Hamburg Commercial Bank donates to charitable organizations in the north and employees' Ukraine aid campaign

Massive increases in energy prices and high inflation in Germany are affecting those people who are in need of help the most - including many children, young people and students.

12/12/2022

Hamburg Commercial Bank finances residential project in Berlin for Zetland Capital Partners LLP and MBS Invest

Hamburg Commercial Bank (HCOB) is providing EUR 48.5 million in financing to the joint venture of Zetland Capital Partners LLP (Zetland) - a private equity firm founded in London in 2016 - and MBS Invest (MBS) - a German investment and asset management company - for the realization of four real estate projects in Berlin.

12/08/2022

Hamburg Commercial Bank terminates rating relationship with S&P Global Ratings

Hamburg Commercial Bank (HCOB) has terminated its rating relationship with S&P Global Ratings (S&P). In view of the Bank's size and business model, the Management Board has decided that HCOB will focus on one credit rating going forward.

12/05/2022

Hamburg Commercial Bank provides acquisition financing for Peakside Capital

Hamburg Commercial Bank (HCOB) is providing financing of EUR 30.9 million to Peakside Capital, a pan-European investment manager, for the acquisition and revitalization of a hotel complex with an additional office building in Frankfurt am Main.

11/22/2022

Hamburg Commercial Bank finances Acquisition of BREEAM certified office property in Belgium

Hamburg Commercial Bank (HCOB) provides EUR 16.5 million to Altaal Group and 1Zone Capital. The joint venture is using the financing to purchase a modern office building in Brussels that has been awarded a BREEAM (Building Research Establishment Environmental Assessment Methodology) certificate for sustainability.

11/16/2022

Hamburg Commercial Bank provides acquisition financing for PingProperties

Hamburg Commercial Bank (HCOB) is providing EUR 43 million to PingProperties Daily Convenience Center IV C.C. - a subsidiary of the Dutch PingProperties Group - for the purchase and revitalization of a mixed-use property in the Dutch Zoetermeer. The term of the loan agreement is five years.