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Recent Press Releases

February 20, 2023

Moody’s upgrades HCOB’s issuer rating to A3

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February 9, 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.

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January 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

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January 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.

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