The material on this site is for financial institutions, professional investors and their professional advisers. It is for information only. Please read our Terms & Conditions, Privacy Policy and Cookies before using this site. Please see our Subscription Terms and Conditions.

All material subject to strictly enforced copyright laws. © 2022 Euromoney, a part of the Euromoney Institutional Investor PLC.

Real Estate Awards 2015: German lenders benefit by sticking to their knitting

Two of the best performers in Euromoney’s ranking of global real estate loan providers this year are German lenders Helaba and Aareal Bank, names that have had their fair share of difficulties in this sector.



  View results

Helaba jumped from 17th to 3rd in the rankings in this year’s survey while Aareal was placed fourth, up from ninth in 2014.

“As a senior lender to the commercial real estate sector, you have two options,” says Dagmar Knopek, member of the management board responsible for the sales unit in the structured property financing division at Aareal Bank’s Wiesbaden headquarters. “You can either compete with the insurance companies and specialist debt funds that are increasingly coming into the market on the lending side. Or you can work in partnership with them. We prefer to do the latter.”

As an example, she points to the financing of the recent acquisition by NorthStar Realty of a 186,000 square metre portfolio of offices spread across major cities in seven European countries valued at €1.1 billion. The senior financing tranche of €630 million was provided by Aareal and Allianz Real Estate, making the transaction one of the largest syndicated loans ever co-provided by banks and institutional investors in the European commercial real estate sector.

You have reached premium content. Please log in to continue reading.

Read beyond the headlines with Euromoney

For over 50 years, our readers have looked to Euromoney to stay informed about the issues that matter in the international banking and financial markets. Find out more about our different levels of access below.


Unlimited access to and

Expert comment, long reads and in-depth analysis interviews with senior finance professionals

Access the results of our market-leading annual surveys across core financial services

Access the results of our annual awards, including the world-renowned Awards for Excellence

Your print copy of Euromoney magazine delivered monthly

£73.75 per month

Billed Annually


Unlimited access to and, including our top stories, long reads, expert analysis, and the results of our annual surveys and awards

Sign up to any of our newsletters, curated by our editors


Already a user?

We use cookies to provide a personalized site experience.
By continuing to use & browse the site you agree to our Privacy Policy.
I agree