05/19/2008
Ulrich Geuss to join HSH Nordbank
Ulrich Geuss (41) will become Head of the Finance Business Unit of HSH Nordbank with effect from August 1, where he will be in charge of controlling and accounting. He will report to CFO Prof. Dr. Dirk Jens Nonnenmacher. Geuss will join HSH Nordbank from Postbank, where he has worked for nine years, most recently as Head of the Accounting and Tax Department. We are very pleased to have won such an excellent expert as Ulrich Geuss, said Nonnenmacher.
read more05/16/2008
HSH Nordbank: New Global Heads for the Real Estate Business Unit
The Board of HSH Nordbank just appointed Peter Axmann (46) and Judith Steinhoff (40) as new Global Heads of the bank's Real Estate Business Unit. In his new position, Peter Axmann will act as spokesman of the executive team.
read more05/08/2008
Football market growing at an above-average rate / New HSH Nordbank study on global trends
Football (in North America: soccer) is set to remain a global growth market in the years to come, further consolidating its status as the most popular sport in the world. This is shown in the new study by HSH Nordbank entitled “Wirtschaftsfaktor Fußball” (“Football as an economic factor”), which was drawn up jointly with the Hamburgisches WeltWirtschaftsInstitut (HWWI). The study analyses the economic dimensions of football and illustrates future trends. According to this study, not only will the professional leagues, but all football-related markets, from TV and marketing rights through advertising and sponsoring, down to new media and producers of sporting goods, will benefit from this trend. The increasing globalization of the entertainment and leisure industry will also further step up international marketing in football. This affects primarily individual players, but increasingly also clubs and entire leagues. Asia in particular will become the leading growth market thanks to the growth of income and population in tandem with the incipient football boom. In China alone the market potential will increase by a factor of five, to USD 250 billion, by 2020. Worldwide consumer spending on football is set to grow faster than incomes. The global football market is one of the sectors recording above-average growth.
read more05/08/2008
HSH Nordbank Finances new Rothschild London Headquarters
HSH Nordbank has arranged and underwritten the development financing for the new headquarters of NM Rothschild & Sons Limited (‘Rothschild’) on its historic site of New Court, St. Swithin’s Lane in the heart of the City of London. The loan facility that has been arranged by the London Branch’s Real Estate team is for a total amount of GBP 122 million (EUR 152 million).
read more05/08/2008
HSV – of major significance to business in the North, Recommendation: make greater use of potential
The significance of the HSV football (soccer) club for the City of Hamburg in terms of regional business goes far beyond the classical dimensions of a sports club. This is shown in the new study by HSH Nordbank entitled “Wirtschaftsfaktor Fußball” (“Football as an economic factor”), which was drawn up jointly with the Hamburgisches WeltWirtschaftsInstitut (HWWI).
read more05/07/2008
HSH Nordbank closes a Pre Delivery financing covering 37 aircraft for AerVenture
HSH Nordbank has closed a PDP financing for AerVenture Limited covering 37 Airbus A319/320/321 aircraft. This transaction, which serves to provide advance financing during construction of the aircraft, is worth some USD 270 million. HSH Nordbank is the sole arranger and underwriter of the facility. The aircraft are to be delivered between 2009 and 2012 and leased to several aviation companies.
read more04/29/2008
HSH Nordbank expands its representative office in Paris into a branch
HSH Nordbank has converted the representative office opened in Paris in March 2005 into a fully-fledged branch. All necessary authorisations were granted by the French authorities in the first quarter of 2008. The branch is managed by Michel Delmond, whose deputy is Thierry de Parcevaux. Both have been in charge of HSH Nordbank’s real estate business in France since the foundation of the representative office.
read more04/21/2008
HSH Nordbank to arrange finance for a fleet of 13,100-TEU container ships on behalf of MPC Capital
A syndicate of banks led by HSH Nordbank AG has today signed the syndication of a loan for MPC Capital AG amounting to US$ 1.1 billion (€ 689 million) to finance a total of nine 13,100-TEU container vessels.
read more04/09/2008
HSH Nordbank growing in the Global Transportation segment
In the Global Transportation Markets segment which comprises the Shipping and Transportation Business Units, HSH Nordbank increased its operating earnings to EUR 415 million (previous year: EUR 309 million).
read more04/09/2008
Corporates Business Unit benefits from strong market position
The encouraging earnings performance of the Corporates Business Unit (BU) made a considerable contribution to consolidated earnings: at EUR 524 million, the BU’s earnings were up more than 40 percent on the previous year’s figure (EUR 375 million). The gain was driven by buoyant demand for finance solutions and a favorable risk situation in the lending business.
read more04/09/2008
HSH Nordbank staying on a growth cours
HSH Nordbank concluded more new business than ever before last year. The Bank granted loans for a total amount of around EUR 40 billion. The growth in earnings of the core business units Shipping, Transportation and Corporates was well up in double digits. “We have provided proof of the efficiency of our business model despite the financial crisis,” said CEO Hans Berger at the annual press conference on the 2007 financial statements of HSH Nordbank in Hamburg.
read more04/09/2008
HSH Nordbank: Good Real Estate earnings in 2007 despite difficult fourth quarter
Earnings were driven by net interest income, the largest earnings component, which rose to EUR 343 million (2006: EUR 330 million). The volume of new business came to EUR 14.9 billion, almost reaching last year’s high level (EUR 16.1 billion), despite a weaker fourth quarter in the wake of the crisis on the financial markets. The Real Estate Business Unit once again did most of its new business outside Germany, where it assisted a large number of finance deals with top international investors. The list was headed by U.S. business worth EUR 4.1 billion, followed by the finance business in the United Kingdom amounting to EUR 2.7 billion and EUR 1.8 billion being generated in the Nordic region. New business in the Netherlands came to a very encouraging EUR 900 million. New business in Germany also went well, generating more than EUR 2.6 billion.
read more04/07/2008
HSH Nordbank financing Hamburger Strasse shopping mall in Hamburg
HSH Nordbank AG is providing total finance of EUR 205 million for the acquisition and restructuring of the Hamburger Strasse shopping mall in Hamburg-Barmbek through a joint venture between ECE Group and Hermann Friedrich Bruhn Group.
read more04/02/2008
HSH Nordbank finances conversion of police headquarters into office and business premises
HSH Nordbank is to finance Quantum Immobilien AG the “Dernsche Höfe” project development in Wiesbaden. The investment volume is approximately EUR 70 million. “Dernsche Höfe” covers an area of 4,000 square meters in downtown Wiesbaden. The premises include a listed building that was formerly used as police headquarters. This property, together with other buildings involving floor space of 14,300 square meters, is to be integrated in a planned new building complex, of which 9,200 square meters will be used as office space. The aim is to create a mixed-use building with retail outlets, restaurants and – on the upper floors – offices. A building permit is expected to be issued at the end of 2008 and the completion date is set for December 2010.
read more03/20/2008
HSH Nordbank recognized as the world’s leading renewable energy project lender
HSH Nordbank AG in March received more awards from international industry publications for its innovative project financing structures in the renewables sector.
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