Your success is : our benchmark

Your success is : our benchmark
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Short portrait
Deutsche Hypo –
State-of-the-art out
of tradition
Deutsche Hypo is one of the oldest and most renowned Pfandbrief banks in Germany.
It was founded as Deutsche Hypothekenbank (Actien-Gesellschaft) in 1872 by
Berlin-based merchants and bankers. Deutsche Hypo’s head office is in Hanover.
As experienced specialists, we support professional real estate finance customers
in Germany and, for the last 25 years, in other core European markets as well.
Thanks to our wide product range, we have the right solution for your project. For
over 140 years the priorities have been “quality before quantity” and “continuity
before volatility”. Our 400 employees are here to help you.
Welcome to
Deutsche Hypo
From left: Andreas Pohl, Andreas Rehfus
“You too can benefit from our experience and our
know-how in the most important real estate finance
markets in Germany and Europe.”
“Those who identify risks early can also deal with
them. This expertise is the cornerstone of our lean
credit process.”
Andreas Pohl
Speaker of the Board of Managing Directors
Andreas Rehfus
Member of the Board of Managing Directors
We are looking forward to meeting you.
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Strong partners
In a nutshell
Our Group
Deutsche Hypo has been part of the NORD/LB Group since 2008 and acts as the
centre of competence for the core business area of commercial real estate finance
and the issue of Mortgage Pfandbriefe. Deutsche Hypo is a member of the Joint
Liability Scheme at the Savings Bank Finance Group. Synergy is achieved through
Deutsche Hypo’s close ties with NORD/LB, which affords Deutsche Hypo‘s customers access to the product range of an internationally active major bank. With total
assets of € 199 billion, NORD/LB is one of the most important financial institutions
in Germany. Its majority shareholder is the federal state of Lower-Saxony.
Nord/LB – Leading universal bank
in the heart of northern Germany:
// Landesbank for the federal states Lower-Saxony and Saxony-Anhalt
// Central bank for savings banks for Lower-Saxony, Saxony-Anhalt and
Mecklenburg-Western Pomerania
// State savings bank in the Braunschweig county with more than 100 branches
The NORD/LB Group consists of:
Our facts and figures
ENGAGES in the business areas:
// Commercial real estate finance business (at Deutsche Hypo)
// Corporate customers
// Structured finance in the sector of energy and infrastructure
// Ship and aircraft finance
// Capital markets business
// Private and commercial customers
offers financial services
as a commercial bank for:
// Private customers //Institutional customers
//Corporate customers
//Public sector customers
Deutsche Hypo’s half-yearly financial results 2014
in € millions
01.01. –
30.06.2014
01.01. –
30.06.2013
Change
(in %)
109.5
4.2
36.4
– 37.8
0.3
105.2
2.5
35.4
– 34.0
– 2.6
4.1
68.0
2.8
– 11.2
> 100.0
34.5
31.4
9.9
in % / in € millions
30.06.2014
30.06.2013
Other information
Cost-income ratio
33.6
34.1
29,887.7
33,259.4
Income statement figures
Net interest income
Net commission income
Administrative expenses**)
Risk result (including allocation Section 340g HGB)
Income from securities and participatory interests
Result from normal operations
Total assets
– 10.1
Further details concerning the business development in the first half of 2014 and previous years can be found under www.Deutsche-Hypo.de
Deutsche Hypo’s ratings
Mortgage
Pfandbriefe
Moody’s
Public
Pfandbriefe
Aa2
Short-term
Liabilities
Aa2
Prime-2
Long-term
Liabilities
Financial
strength
Baa1
E+
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Personally on site
Extensive know-how
Our core markets
Our asset classes
We have a local presence in the most
important real estate markets
We finance the following asset types:
Deutsche Hypo focuses on direct business with professional real estate investors.
We offer tailored financing concepts and support. We engage in high-quality
properties, which we finance in close collaboration with our clients.
Warsaw
London
Amsterdam
Hamburg
Hanover
Deutsche Hypo concentrates on regions with a large property stock and a positive
outlook and properties with a good tenant structure and stable cash flow.
Deutsche Hypo’s strategic target markets are Germany, Great Britain, France,
Benelux and Poland.
Frankfurt
// Office and commercial buildings // Retail
// Hotels
// Multi-storey residential
// Logistics
Deutsche Hypo’s multi-lingual team has a wealth of market experience and prides
itself on its asset-based expertise and local legal knowledge in each of its core
markets.
New real estate finance business by region (in € millions)
2,000
1,500
1,416.9
619.1
66.6 % Germany
Breakdown by property type:
7.1 %
Poland
0.7 %
Great Britain
11.9 %
Netherlands
8.5 %
Others
5.2 %
1,285.0
06/2013
06/2014
910.3
500
06/2011
■ Domestic ■ Foreign
France
1,324.7
Munich
0
Regional breakdown
1,271.6
361.3
1,513.5
228.5
1,000
797.8
Paris
1,665.1
340.4
Office and commercial buildings
40.1 %
Retail
31.3 %
Residential real estate
11.4 %
Others
10.2 %
Hotels
7.0 %
Total volume € 11,991 million as of 30.06.2014
06/2012
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Our references
Dreischeibenhaus
MALL OF BERLIN
Frankfurter Opernplatz
Westfield Shopping Centre
Sofitel Munich bayerpost
Ernst-August-Galerie
Type of property: Office building
Location: Düsseldorf
Customer: Momeni Gruppe and
Black Horse Investments
Project volume: € 230 million
Type of property: Shopping centre
Location: Berlin
Customer: A joint venture between High Gain House
Investments/Berlin and Arab Investments/ London
Financing volume: € 600 million
Type of property: Hotel, offices and residential
Location: Frankfurt
Customer: Opernplatz GmbH & Co. KG
(a property company of the Elleke Group)
Financing volume: € 150 million
Type of property: Shopping centre
Location: London
Customer: Commerz Real
Investmentgesellschaft mbH
Financing volume: € 288 million
Type of property: Hotel
Location: Munich
Customer: Hotel Bayerpost München GmbH & Co. KG
(a fund of the Ebertz & Partner Group)
Financing volume: € 80 million
Type of property: Shopping centre
Location: Hanover
Customer: ECE Projektmanagement G.m.b.H. & Co. KG
Financing volume: € 139 million
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Well positioned
Well informed
Our product range
Our publications
Are you planning to invest in real estate? Talk to us about your ideas. Together we can develop the
right financing strategy for your project.
We do not keep our know-how to ourselves. So that you can share in our experience and expertise, we publish:
Our products
at a glance:
WHAT YOU CAN
COUNT ON:
// Regular market analyses on current developments in the real estate markets
and in the real estate industry
// The Deutsche Hypo Index, our real estate economy index that appears on
a monthly basis
// Medium to long-term financing of existing properties
// Interim financing
// Financing of project developments
// Financing of refurbishments
// Portfolio financing
// Acquisition financing
// Structuring
// Syndication/underwriting
// Derivatives
// Cooperation with BVK
// Credit funds
// Professional and individual support
// Comprehensive market and industry knowledge
// Local know-how
// Tailored financing and term structures
// Quick approval process and fast implementation for finance
// Reliability and continuity
// Constructive collaboration on an equal standing
Besides traditional products, Deutsche Hypo also offers innovative approaches of commercial real estate finance.
From a strategic cooperation with insurance companies and pension funds as well as the structuring of credit funds,
we integrate financially strong financing partners. This is why we can also realize transactions of considerable
magnitude. This will benefit you.
Global Markets Real Estate
WOHNEN IN DEUTSCHLAND – DIFFERENZIERTE SITUATION UND PERSPEKTIVEN
Available on our website*:
IMMOBILIENKONJUNKTUR-INDEX
www.deutsche-hypo.de
Dezember 2014
Ohne Übermut ins Jahr 2015
In keinem anderen Monat ist die Termindichte so ausgeprägt wie
im Dezember. Viele Dinge sind schließlich noch aufzuarbeiten. Und
vor Jahresende sollen natürlich auch alle Transaktionen abgeschlossen sein. Mal ganz abgesehen von den diversen Weihnachtsfeiern im beruflichen und privaten Umfeld. Da sollte man
meinen, dass sich die allgemeine Hektik auch auf die Stimmung
auswirkt. Aber nicht so in der Immobilienbranche: Aus der Befragung zum Deutsche-Hypo-Index, die kurz vor Weihnachten stattfand, ergab sich ein Immobilienklima von 125,2 Zählerpunkten, ein
sattes Plus von 5,4% gegenüber dem Vormonat.
Das Stimmungshoch zum Jahresende lässt sich insbesondere auf
die nach wie vor günstigen Rahmenbedingungen zurückführen.
Sowohl die Finanzmärkte als auch die Realwirtschaft senden aus
Sicht der Immobilienbranche äußerst positive Signale. Nicht ohne
Grund streben wir hierzulande auf ein Transaktionsvolumen von 40 Mrd. Euro zu. Allein dieser Wert zeigt,
welch großes Interesse Investoren weiterhin an Objekten in Deutschland haben.
Und wie geht es 2015 weiter? Auch wenn die geopolitischen Krisen nicht abnehmen und aktuell durch
die Geschehnisse in Griechenland ein neues Fragezeichen entstanden ist, deutet derzeit alles darauf hin,
dass der deutsche Immobilienmarkt seine positive Entwicklung fortsetzt. Die Nachfrage nach Immobilien
wird – auch mangels Anlagealternativen – hoch bleiben. Doch Obacht: Wir befinden uns nun schon seit
einiger Zeit weit oben im Zyklus. Erfahrungsgemäß ist die Gefahr von Preisübertreibungen jetzt am größten. Dessen sollten sich alle Marktteilnehmer bewusst sein.
Übermut wäre also fehl am Platz. Lassen Sie uns lieber mit vorsichtigem Optimismus in das neue Jahr
starten. Auf dass wir auch am Jahresende 2015 ein positives Fazit ziehen können! Ich wünsche Ihnen und
Ihren Familien einen gelungenen Jahreswechsel und alles Gute für 2015.
Herzlichst,
Ihr Andreas Pohl
*Available in German and partly English
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Broad investor basis
Successful issues
Our funding
Deutsche Hypo is one of the most renowned Pfandbrief banks in Germany and
one of the most well-known issuers in the market. In addition to Pfandbriefe, we
also issue unsecured bearer and registered bonds. In the current year 2014, we
have tapped a benchmark mortgage Pfandbrief, issued in 2013, with an additional
amount of € 250 million and have issued a Mortage Pfandbrief in benchmark format
in the amount of € 500 million. For 2013 as a whole we are expecting a funding
volume of € 2.5 billion.
We have longstanding relationships with a large number of German and international investors and therefore have a broad investor base. As with our real estate
financing business, we distinguish ourselves in our ­capital market business by our
ability to react quickly and flexibly to customer needs and market requirements.
In doing so we are able to optimally meet demand. Our cost-effective issuing
platform has proven itself as a competitive advantage in commercial real estate
financing.
Funding mix (in € millions)
Structure breakdown (in %)
6,000
100
5,000
4,254
1,847
4,000
3,000
1,498
2,311
70
70
60
3,266
2,725
2,852
1,238
50
40
30
1,614
1,420
20
10
96
1
6
29
31
29
20
2011
2012
■ Public Pfandbriefe ■ Mortgage Pfandbriefe
■ Unsecured
2013
2014
1
26
9
0
0
2011
2012
2013
■ Benchmarks ■ Structured ■ Private Placements
€ 750,000,000
€ 500,000,000
€ 500,000,000
Mortgage Pfandbrief
Mortgage Pfandbrief
Mortgage Pfandbrief
7 years
Maturity 02.10.2019
ISIN DE000DHY3681
5 years
Maturity 24.01.2018
ISIN DE000DHY3855
7 years
Maturity 10.06.2020
ISIN DE000DHY3988
5 years
Maturity 29.07.2019
ISIN DE000DHY4382
Lead Managers
BayernLB, DekaBank,
DZ Bank, NORD/LB,
UniCredit
Lead Managers
BayernLB, Commerzbank,
DekaBank, Deutsche Bank,
Natixis, NORD/LB
Lead Managers
BayernLB, Commerzbank,
Crédit Agricole CIB, DZ Bank,
NORD/LB
Lead Managers
DekaBank, DZ Bank,
HSBC, NORD/LB,
UniCredit
2012
2013
2013
2014
73
69
70
80
541
2,000
1,000
74
90
4,940
2,022
€ 500,000,000
Mortgage Pfandbrief
2014
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To a fruitful collaboration
Contacts
Together we can achieve great things
With Deutsche Hypo you can rely on a partner who will use its experience and
expertise to achieve success for you. Since we were founded, we have risen to the
challenge of achieving more for our customers. This is how we became one of the
most successful and most renowned Pfandbrief banks in Germany.
Our specialists will offer you a high level of know-how, flexibility and service. At the
same time great emphasis is placed on acting as a partner. We rely on strong, longterm business relationships and look forward to making your project a success with
you. Because:
Your success is : our benchmark
Your contacts
We will find the right financing solution for you.
Come and talk to us:
Office Frankfurt
Head
Ingo Albert
Tel.
+49 69 219 351 812
Mobile +49 172 5182592
[email protected]
Real Estate Investment Banking
Head
Dieter Koch
Tel.
+49 511 3045-871
Mobile +49 173 2450107
[email protected]
International property finance
Office Hanover/Saving Banks Network
Head
Alois Algermissen
Tel.
+49 511 3045-591
Mobile +49 172 5103037
[email protected]
Structured Finance/International Real Estate
Head
Sabine Barthauer
Tel.
+49 511 3045-740
Mobile +49 172 5417570
[email protected]
Office Amsterdam
Institutional Investors
Head
Christoph Hötzel
Tel.
+49 69 219 351 810
Mobile +49 172 511 6517
[email protected]
Central Acquisition
Head
José Luis Calderón Martínez
Tel.
+49 511 3045-807
Mobile +49 173 2365065
[email protected]
Office London
Office Hamburg
Head
Thomas Hansen
Tel.
+49 40 376 55-310
Mobile +49 172 5116515
[email protected]
Hotel Financing
Head
Uwe Niemann
Tel.
+49 511 3045-771
Mobile +49 172 4279302
[email protected]
Office Paris
Office Munich
Head
Dr. Bernd Hansen
Tel.
+49 89 512 66 70
Mobile +49 173 2446551
[email protected]
Head
Thomas Staats
Tel.
+49 511 3045-163
Mobile +49 172 9234419
[email protected]
Head
Wouter de Bever
Tel.
+31 20 691 45 51
Mobile +31 65 0737390
[email protected]
Head
Markus Nitsche
Tel.
+44 20 742 947 00
Mobile +44 77 95262414
[email protected]
Head
Anne-Isabelle Carbonnières
Tel.
+33 1 550 484 85
Mobile +33 6 297 947 22
[email protected]
Office Warsaw
Head
Beata Latoszek
Tel.
+48 22 828 02 53
Mobile +48 78 6865732
[email protected]
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Deutsche Hypothekenbank
(Actien-Gesellschaft)
Osterstraße 31
30159 Hannover
Telefon +49 511 3045-0
Telefax +49 511 3045-459
[email protected]
www.Deutsche-Hypo.de