08/23/2007
Shipping and Transportation units reporting substantial gains
HSH Nordbank is for the first time releasing the results of its new Global Transportation Markets segment, which was set up at the start of the year. The combined Shipping and Transportation units reported an operating profit after risk provisions totaling EUR 228 million. In the same period last year it reported EUR 166 million, which corresponds to an increase of 37.1 percent. The return on equity rose from 18.8 to 22.1 percent.
read more08/14/2007
HSH Nordbank finances large real-estate portfolio for BGP
HSH Nordbank AG has provided finance for the purchase of a residential property portfolio by BGP, the joint venture between the Babcock & Brown Group and the GPT Group, within the context of a share deal. The size of the finance deal is € 120 million.
read more08/09/2007
HSH Nordbank Finances “The Bravern“ Project Development in Washington State, USA
HSH Nordbank AG will provide financing in the amount of US Dollar 684 million for the construction of a building complex in Bellevue near Seattle (Washington state, USA). The project development named “The Bravern” will include a gross lettable area of about 1.6 million square feet (about 148,700 square metres) in high-end office space as well as in retail space and condominiums belonging in the luxury segment. The project developers are two companies, Investcorp and Schnitzer West LLC, who realise the project within the framework of a joint venture.
read more07/23/2007
HSH Nordbank finances “Sky Office” office project for EUR 100 million
HSH Nordbank AG has provided finance amounting to EUR 100 million for the “Sky Office” office project in Düsseldorf. This is a project development for erecting an eye-catching high-rise office building on Kennedydamm, a prestigious office district to the north of Düsseldorf’s “Altstadt” (old city). “Sky Office” is a project of Orco Germany and will be conducted by Viterra Development GmbH, a subsidiary.
read more07/17/2007
HSH Nordbank Structures Financing of
HSH Nordbank AG has structured the financing for the acquisition of a portfolio of 58 properties in the Netherlands on behalf of AXA Real Estate Investment Managers (AXA REIM), a real estate fund management company.
read more07/13/2007
HSH Nordbank blue race tops all expectations
The HSH Nordbank blue race was an unforgettable event for everyone – participants, organizers and sailing aficionados alike. The grand transatlantic regatta ended with a top-class sporting finish: Outsider, the first ship home, was cheered just as euphorically as the overall winner, maxi yacht Rambler. The U.S. boat set a new course record in its crossing of the North Atlantic route: 11 days 16 hours 13 minutes and 59 seconds. And the superlatives continue: taken together, all yachts sailed a total of 86,400 nautical miles, the crews sent more than 250 e-mails from on board, and journalists were able to choose from more than 1,000 spectacular photographs for their reporting. “The HSH Nordbank blue race was a complete success in every respect and has exceeded our expectations,” concluded Bernhard Visker, member of the management board of title sponsor HSH Nordbank, in summary. Impressive proof of the great public interest generated by the event was provided by the fact that the online race viewer recorded some 1.2 million clicks per day, making it one of the most popular sailing-sport sites over the past four weeks.
read more07/02/2007
Uwe Jens Werner new Global Head of Institutional Sales at HSH Nordbank
Uwe Jens Werner (41) has been appointed new Global Head of Institutional Sales at HSH Nordbank AG. He will be responsible for all sales to institutional clients, such as savings banks, banks, insurance companies, investment and pension funds.
read more06/28/2007
HSH Nordbank issues its second public-sector jumbo Pfandbrief
HSH Nordbank AG has successfully placed its second public-sector jumbo Pfandbrief with a face value of 1 billion euros among institutional investors. The Pfandbrief has a three-year term, maturing on June 28, 2010, and pays a coupon of 4.625%. The issue price is 99.795%, with a re-offer yield of 4.70%. The spread is 9.5 basis points below the mid-swap rate and 15.4 basis points above the 146 Series 3.25% German government bond (maturing in April 2010).
read more06/22/2007
Injury during transatlantic regatta
There has been an accident on board “HSH Nordbank”. Crew member Kerstin Tröger (41) fell and has probably fractured her foot.
read more06/19/2007
HSH Nordbank lowers its forecast of REIT potential
In its current study titled “Deutsche Immobilienunternehmen am Kapitalmarkt” [“German real estate companies on the capital market”], HSH Nordbank AG has reduced its projection of market potential for G-REITs through 2010 from between EUR 30 and 60 billion (forecast at end-2005) to between EUR 15 and 40 billion. Apart from the decision to exclude residential properties, this was also attributable to the numerous statutory restrictions of the G-REIT.
read more06/15/2007
HSH Nordbank: Benchmark issue several times oversubscribed
HSH Nordbank AG has successfully placed its first benchmark issue with a volume of 1.5 billion Euros since the loss of German state guarantees. This note was issued with Barclays Capital and HSH Nordbank acting as joint lead managers. The note has been sold successfully to institutional investors in Germany and especially in Europe.
read more06/13/2007
HSH Nordbank opening representative office for its shipping business in Greece
HSH Nordbank AG intends to open a representative office for its shipping business in Athens. The world’s largest provider of ship finance will thus be further extending its operations in the Greek market. “Greece is for us the most important foreign market in the shipping business,” says Peter Rieck, Deputy CEO of HSH Nordbank. “Our own representative office in Greece will enable us to act even more effectively as a local partner with an international background. We are steadily expanding our range of advisory services, offering – alongside conventional ship finance – further products extending as far as private wealth management.” Subject to the approval of the Bank of Greece, the representative office will open in the third quarter of 2007 and initially employ three relationship managers and two product specialists.
read more06/12/2007
Repair service for sailors – HSH Nordbank blue repair service in the line-up once again in the jubilee year of the Kieler Woche
Wind and weather can prevent some boats from starting in the race at the last minute – how easily can rope-ends and sails come adrift and the hull be damaged. Again in the jubilee year of Kieler Woche, as in previous years, none of this will be a problem: as a sponsor of sport and culture to Kieler Woche, HSH Nordbank will once again provide its blue repair service, of which all sailors taking part in the competitions can take advantage free of charge before each race.
read more06/12/2007
HSH Nordbank and Aurelius Capital launch European real estate mezzanine fund
HSH Nordbank AG and Aurelius Capital Management have established a joint venture under the name of Aurora Real Estate Partners. The aim of the newly created platform is to establish and manage a portfolio of high-yield real estate loans, focusing initially on Europe. The loans acquired for the portfolio are due to be securitized as commercial real estate collateral debt obligations (CRE CDOs) and placed on the capital market. The general figure set for the loans to be contributed is between five and 50 million euros each, with the fund's target size totaling up to 300 million euros.
read more06/12/2007
HSH Nordbank launches first aircraft leasing fund
HSH Nordbank AG will, for the first time, launch a closed-end aircraft leasing fund on the market. With the HSH Global Aircraft Fund I, institutional investors will now have access to the growth market of aviation, which is forecast to record very dynamic rates of growth over the next two decades. The aircraft fleet assembled using the fund capital consists of between 25 and 30 machines that are leased to airlines. The fund’s volume totals USD 1.3 billion.
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