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.
read more01/25/2023
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
read more01/17/2023
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.
read more12/14/2022
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.
read more12/12/2022
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.
read more12/08/2022
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.
read more12/05/2022
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.
read more11/22/2022
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.
read more11/16/2022
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.
read more11/04/2022
Hamburg Commercial Bank supports the next growth phase of valantic Group
Hamburg Commercial Bank (HCOB) has provided credit, loans and a working capital facility totaling EUR 50 million to valantic Group (valantic) as sole super senior lender as part of the unitranche acquisition financing for DPE Continuation Fund I by Permira Credit.
read more10/17/2022
Hamburg Commercial Bank finances additional fiber optic project for Primevest Capital Partners
Hamburg Commercial Bank (HCOB) is providing long-term financing of EUR 21.5 million to the Communication Infrastructure Fund launched by Primevest Capital Partners (Primevest CP) for the expansion of fiber-optic infrastructure in more rural regions around the Frankfurt/Main and Bonn metropolitan areas. This is already the third financing that Hamburg Commercial Bank has provided for Primevest Capital Partners within a year.
read more10/10/2022
Hamburg Commercial Bank supports MeinAuto Group AG in further growth
Hamburg Commercial Bank (HCOB) is providing leasing company Mobility Concept GmbH - an owned subsidiary of MeinAuto Group AG - with a €50 million working capital line.
read more10/06/2022
Hamburg Commercial Bank goes to market with asset management subsidiary
As a subsidiary of Hamburg Commercial Bank (HCOB), Klarphos S.à r.l. specializes in individual fund solutions for Alternative Investments. In addition, the asset manager offers institutional investors tailor-made advisory on strategic asset allocation and optimized asset-liability management.
read more10/04/2022
Ian Banwell takes over as CEO of Hamburg Commercial Bank
Ian Banwell (59) was appointed Chief Executive Officer (CEO) of Hamburg Com-mercial Bank AG (HCOB) on 1 October 2022. His previous position as Chief Financial Officer of the Management Board of HCOB was taken over by Marc Ziegner (46).
read more08/30/2022
Hamburg Commercial Bank refinances French energy specialist IDEX
Hamburg Commercial Bank (HCOB) has participated in the Incremental Facility (Accordion) of EUR 200 million for the French energy specialist Idex. As an energy service provider, Idex specializes, among other things, in the operation of one of the largest French district heating networks and uses mainly renewable energies for this purpose.
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